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2 BHK flags sellers 2 friends, a billionaire made of a deal


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Flipkart, the country's largest e-commerce company, is now going to buy Wal-Mart. American retail chain Walmart has announced a 70% stake in Flipkart. Amazon also wanted to buy Flipkart but Indian online retailer Walmart's offer was liked. Flipkart has so far been an interesting and inspirational journey. A small startup changes the whole industry. 70% of Flipkart has been bought by Walmart in half a billion. Whose softback is confirmed by the CEO.
Two graduate Sachin and Binny Bansal from IIT Delhi left the job in Amazon and started Flipkart in 2007 as an online bookstore.
Sachin and Binny are the most important names in Indian E-commerce industry. However, both Bansal has surnames but they are not related. But both of them studied the school simultaneously in Hisar's OP Zindal Modern School. After that, IIT has done computer science from Delhi. And both worked together in Amazon.
Like Amazon, Flipkart also started its online bookstore. After that many things were added to their product category.
Flipkart started with a 2-bedroom flat in Bangalore. After that in Delhi in 2008 and the company in Mumbai in 2009. Last month, the company has shifted its office in Bangalore to a huge campus of 8.3 lakh sq ft.
In 2011, Singapore was also attracted to attract foreign investors.
Flipkart started buying small e-commerce to boost its market. Many companies, such as Mayntra, E-Bay, Phone Pe, maintained their success.
Sachin Bansal has been at the Flipkart CEO rank for 9 years since 2009. Binni Basal became CEO in 2016 and Sachin reached the executive chairman's position.
In 2010, Flipkart started the facility of Cash on Delivery for the people. One of his decisions changed the entire picture of the industry.
This decision was successful in attracting new customers. Because at that time people did not want to buy things without seeing them. After that Flipkart has started giving an option to return without any reason.
Before 2014, it was a practice that the product was launched online before then it was sold online. But Flipkart has made game changes. Motorola made a comeback with India in an exclusive cell phone with Flipkart. In which five million smartphones were sold in 5 months. After which this trend has started.
Flipkart also benefited greatly from purchasing expensive products because of No Cost EMI. This scheme has been very much selected.
Flipkart has given people the option to exchange their old products. The company has given people a good deal for it. It has benefited greatly from mobile-like products.

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