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Its continued growth led to plans of an initial public offering (IPO) in the United States by the end of 2021.Į-commerce share of total retail sales in the U.S. With its eyes on Indias retail market, Flipkart acquired Letsbuy, an online electronics retailer, in 2012, and Myntra, an online fashion retailer, for US280. Flipkart’s product portfolio is widespread, standing out in the online sales of apparel with more than 75 percent of buyers purchasing apparels on the Bengaluru-based player. dollars and became a 77 percent-stakeholder. In 2018, American retail giant Walmart acquired the home-grown retailer for 16 billion U.S. Although marketplace shipping continues to be the most popular shipping method, direct-to-consumer shipments continued to grow in terms of share of e-commerce shipments.Īs the global e-commerce player Amazon ranks first in terms of net e-commerce sales, with Flipkart close behind. The rise of e-commerce the country goes hand in hand with the expansion of online marketplaces. Additionally, the e-commerce player had an increase of 18 percent in its revenue, compared to the previous year.Īlong with a rising internet penetration rate in India, the number of digital buyers rose linearly. Participation to group insurance is voluntary.Flipkart Private Limited reported a revenue amounting to over 511 billion Indian rupees in financial year 2022. Thank you for visiting Cover arranged by Axis Bank for its customers under Digit Illness Group Insurance Policy (UIN GODHLGP20142V011920). Any actions taken or obligations created voluntarily by the person(s) accessing such web sites shall be directly between such person and the owner of such websites and Axis Bank shall not be responsible directly or indirectly for such action so taken. The use of such websites would be subject to the terms and conditions of usage as stipulated in such websites and would take precedence over the terms and conditions of usage of in case of conflict between them. This is to inform you that by clicking on the hyper-link/ok, you will be accessing a website operated by a third party namely Such links are provided only for the convenience of the Client and Axis Bank does not control or endorse such websites, and is not responsible for their contents. Please read and agree with the disclaimer before proceeding further. Pradhan Mantri Jeevan Jyoti Bima YojanaĪt your request, you are being redirected to a third party site.Commercial Vehicle & Construction Equipment Loan.

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