When Walmart paid $16 billion for Flipkart in 2018, it planned to take the Indian e-commerce giant public within four years. Much has happened since then, but the question remains: Is Flipkart Listed On The Stock Exchange?
Flipkart was founded in 2007 by two former Amazon employees, Sachin Bansal and Binny Bansal. While the company is headquartered in Bengaluru, it was founded in Singapore. Flipkart, like Amazon, began by selling only books, books, and more books. They went on to sell electronics, clothing, home goods, and groceries. They expanded their holdings to include additional e-commerce sites such as Myntra and Jabong.
With such rapid growth and the parallel decline of brick-and-mortar stores, this presents a new level of business opportunity. Anyone could start a business without being constrained by the high entry cost barriers that are typically associated with this type of venture. From the perspective of a founder, you might be wondering how to capitalise on the e-commerce boom. And, as an investor, you might be wondering how you can participate in this revolution without missing out.
Flipkart is one of those e-commerce behemoths that emerged before the wave of e-commerce, drop-shipping, and online selling. Read more on: Is Flipkart Listed In Stock Market?