123-567: Flipkart Private Limited is an Indian e-commerce company, headquartered in Bangalore , and incorporated in Singapore as a private limited company . The company initially focused on online book sales before expanding into other product categories such as consumer electronics , fashion , home essentials, groceries, and lifestyle products. The service competes primarily with Amazon India and domestic rival Snapdeal. As of FY23, Flipkart held
246-504: A 'window-shopping' experience for the users. Both Flippi and Vibes are part of the enhanced 'Swipe Screen' experience initiative. Gen Z accounts for more than 25 percent of Flipkart Fashion's customer base. Hence, in August 2023, Flipkart introduced an in-app fashion platform named Spoyl, targeted at Gen Z individuals. Spoyl features a unique unisex product navigation system that allows for gender-neutral browsing of styles. On 4 May 2018, it
369-627: A 48% market share in the Indian e-commerce industry. Flipkart has a dominant position in the apparel segment, bolstered by its acquisition of Myntra , and was described as being "neck and neck" with Amazon in the sale of electronics and mobile phones . Flipkart was founded in October 2007 in Bangalore by Sachin Bansal and Binny Bansal , alumni of the IIT, Delhi and former Amazon employees. The company
492-478: A 77% controlling stake in Flipkart for US $ 16 billion, valuing Flipkart at around US$ 20 billion. Flipkart is valued at $ 37.6 billion as of 2022. In November 2018, Wal Mart increased the equity of Flipkart to 81.3%. On 13 November 2018, Flipkart CEO Binny Bansal resigned after facing an allegation of "serious personal misconduct". Walmart stated that "while the investigation did not find evidence to corroborate
615-600: A 77% stake in Flipkart for 16 billion dollars in May 2018. In March 2024, Flipkart launched its UPI services, Flipkart UPI, in partnership with Axis Bank . In May 2024, it was reported that Google would invest US$ 350 million in the company. In the space of Generative AI, Flipkart launched Flippi - an AI powered shopping assistant available in English that helps buyers make a shopping decision. Flipkart also launched Vibes - which integrates video content and online shopping - bringing
738-568: A deal that raised its total valuation to US$ 15 billion. By August 2015, after raising another US$ 700 million, Flipkart had raised a total of US$ 3 billion over 12 rounds of funding from 16 major investors. In April 2017, Flipkart underwent another round of funding, receiving US$ 1.4 billion in funding from investors including eBay , Microsoft , and Tencent . On 10 August 2017, SoftBank Vision Fund invested another US$ 2.5 billion in Flipkart. On 19 September 2018, Flipkart Marketplace Singapore injected ₹3,463 crore into Flipkart Internet. The transaction
861-404: A definitive agreement with Wego - an online market place for travel that operates in middle east and North Africa. This included the sale of the website Flyin.com. In July 2021, Flipkart launched its social commerce marketplace called Shopsy, which allowed individuals and small businesses to direct sell and resell products to customers via social media channels. In December 2021, Shopsy entered
984-639: A feudal ruler under the Vijayanagara Empire , established a mud fort , considered the foundation of modern Bengaluru and its oldest areas, or pétés , which still exist. After the fall of the Vijayanagara Empire, Kempe Gowda declared independence; in 1638, a large Adil Shahi Bijapur army defeated Kempe Gowda III, and Bengaluru came under Shahaji Bhonsle as a jagir , which later became his capital. The Mughals later captured Bengaluru and sold it to Maharaja Devaraja Wodeyar II of
1107-566: A large Adil Shahi Bijapur army led by Ranadulla Khan and accompanied by his second in command Shāhji Bhōnslē defeated Kempe Gowda III, and Bengaluru was given to Shāhji as a jagir (feudal estate). Around 1639, he ordered the reconstruction of the destroyed city and the building of new lakes to solve the water shortage in the region. In 1687, the Mughal general Kasim Khan, under orders from Aurangzeb , defeated Ekoji I , son of Shāhji, and sold Bengaluru to Chikkadevaraja Wodeyar (1673–1704),
1230-748: A market cap of US$ 11 billion. On 20 December 2014, Flipkart announced its filing application with Singapore-based company regulator ACRA to become a public company. This announcement came after the company received US$ 700 million in long-term strategic investments from more than 50 Indian investors. The US$ 700 million in funding raised by Flipkart added new investors to the company's board, including Baillie Gifford, Greenoaks Capital, Steadview Capital, T. Rowe Price Associates, and Qatar Investment Authority. Its existing investors DST Global, GIC, ICONIQ Capital and Tiger Global also participated in this financing round. As of May 2015, Flipkart had raised US$ 550 million in additional funding from its existing investors in
1353-634: A novel online marketplace that provided a digital platform for kiranas and MSMEs . As a part of the same initiative around Flipkart Wholesale, Flipkart also acquired 100% stake in Walmart India Private Limited operating Best Price cash-and-carry business to further strengthen the wholesale capabilities. In July 2020, Flipkart acquired a 27% stake in Arvind Fashions Limited 's newly formed subsidiary Arvind Youth Brands for US$ 35 million. Arvind Youth Brands owns
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#17327802072381476-403: A number of organisations for over a couple of days. The heaviest rainfall recorded in a 24-hour period is 179 mm (7 in) recorded on 1 October 1997. In 2022, Bengaluru faced a large amount of rainfall, 368% more than the yearly average. Several areas were flooded, and power supply was also cut off. March record high Bengaluru is a megacity with a population of 8,443,675 in
1599-498: A part of the seismic zone II (a stable zone), it has experienced earthquakes of magnitude as high as 4.5 on the Richter scale . Bengaluru has a tropical savanna climate ( Köppen climate classification Aw ) with distinct wet and dry seasons. Due to its high elevation, Bengaluru usually enjoys a more moderate climate throughout the year, although occasional heat waves can make summer somewhat uncomfortable. The coolest month
1722-523: A partnership with a Polygon-incubated firm called eDAO, and Flipverse hopes to provide a similar experience to the actual mall-like shopping where people would be able to create their Avatars. The Walmart Foundation and Flipkart Foundation donated INR 2 crore for the flood relief work in Assam in 2022. The e-commerce also started a virtual storefront that is dedicated to the academic needs of students named 'Flipkart Student's Club'. The 'Flipkart Green' venture
1845-595: A population of over a million. The city is widely regarded as the " Silicon Valley of India", as the largest IT hub of the country. Infosys , Wipro , Mindtree , Mphasis , Flipkart , and Myntra are headquartered in Bengaluru. IT companies located in the city contributed 33% of India's ₹1,442 billion (US$ 20 billion) IT exports in 2006–07. Bengaluru's IT industry is divided into three main clusters : Software Technology Parks of India (STPI); International Tech Park, Bangalore (ITPB); and Electronic City . Most of
1968-592: A possible floral origin of the name as derived from benga , the Kannada term for Pterocarpus marsupium (also known as the Indian Kino Tree), a species of dry and moist deciduous trees that grows abundantly in the region. On 11 December 2005, the Government of Karnataka accepted a proposal by Jnanpith Award winner U. R. Ananthamurthy to rename Bangalore to Bengalūru . On 27 September 2006,
2091-538: A share of the funding coming from existing investor Tiger Global. On 26 May 2014, Flipkart announced that it had raised US$ 210 million from Yuri Milner 's DST Global and its existing investors Tiger Global, Naspers, and Iconiq Capital. On 29 July 2014, Flipkart announced that it raised US$ 1 billion from Tiger Global, Accel Partners, Morgan Stanley Investment Management, and a new investor, Singaporean sovereign wealth fund GIC . In December 2014, after it received US$ 700 million from another round of funding, Flipkart had
2214-414: A single urban centre in 1949. The city was generally known as Bangalore in English until the existing Kannada name, Bengalūru , was declared the city's official name in 2006. Bengaluru is considered to be one of the fastest-growing global major metropolises. Recent estimates of the metro economy of its urban area has ranked Bengaluru as one of the most productive metro areas of India. The city
2337-484: A standalone subsidiary focusing on separate market segments. In October 2014, Flipkart reprised the Big Billion Days event as a multi-day event exclusive to the Flipkart app. Flipkart bolstered its supply chain and introduced more fulfillment centers to meet customer demand. Flipkart achieved a gross merchandise volume of US$ 300 million during the event, with the largest volumes coming from fashion sales and
2460-594: A suite of tools to create and publish augmented reality, virtual reality, and 3D content quickly and without coding. As of 2021, the Flipkart app was available in 8 local Indian languages, Gujarati, Bengali, Odia, Hindi, Telugu, Kannada, Marathi and Tamil. In April 2021, Flipkart announced the acquisition of the travel booking portal Cleartrip . Flipkart also entered the hotel industry for the Indian and global markets. The Flipkart Hotels uses Cleartrip API. Flipkart acquired Cleartrip's business in Middle East by signing
2583-471: A trade office of Canada and a virtual Consulate of the United States. As of 2022, Bengaluru produces around 6000 metric tonnes of solid waste per day. This waste is transported from collection units located near Hesaraghatta Lake , to the garbage dumping sites. The city has considerable dust pollution, hazardous waste disposal, and disorganised, unscientific waste retrievals. The IT hub,
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#17327802072382706-541: A very diverse population, consisting of Dakhini and Urdu-speaking Muslims, Kutchi Memons , Labbay and Mappilas . The Bruhat Bengaluru Mahanagara Palike (BBMP, Greater Bengaluru Municipal Corporation ) is in charge of civic administration of the city. It was formed in 2007 by merging 100 wards of the erstwhile Bangalore Mahanagara Palike , with seven neighbouring City Municipal Councils, one Town Municipal Council and 110 villages around Bengaluru. The number of wards increased to 243 in 2022. The BBMP
2829-673: A water supply to the city. Kaveri River flows about 60 miles (100 km) from the city of Bengaluru, and the river Kaveri provides around 80% of the city's water supply and the remaining 20% is obtained from the Thippagondanahalli and Hesaraghatta reservoirs of the Arkavathi river. Bengaluru receives 800 million litres (210 million US gallons) of water a day, more than any other Indian city, but Bengaluru does face occasional water shortages, especially during summer and in years with low rainfall. A random sampling of
2952-467: Is Kannada , spoken by 42.05% of the population. The second-largest language is Tamil , spoken by 16.34% of the population. 13.73% speak Telugu , 13.00% Urdu , 4.64% Hindi , 3.16% Malayalam and 2.05% have Marathi as their first language. Other languages with sizeable numbers of speakers include Konkani , Bengali , Marwari , Tulu , Odia , Gujarati , Kodagu , Punjabi , Lambadi , Sindhi and Nepali . The Kannada language spoken in Bengaluru
3075-611: Is January with an average low temperature of 15.1 °C (59.2 °F) and the hottest month is April with an average high of 34.1 °C (93.4 °F). The highest temperature ever recorded in Bengaluru was 39.2 °C (103 °F), recorded 24 April 2016, corresponding with the strong El Niño in that year. The lowest ever recorded is 7.8 °C (46 °F) in January 1884. Winter temperatures rarely drop below 14 °C (57 °F), and summer temperatures seldom exceed 36 °C (97 °F). Bengaluru receives rainfall from both
3198-408: Is a form called 'Old Mysuru Kannada' which is also used in most of the southern part of Karnataka. A vernacular dialect of this, known as Bangalore Kannada , is spoken in Bengaluru and the adjoining Mysore regions. English is extensively spoken and is the principal language of the professional and business class. The major communities of Bengaluru who share a long history in the city, other than
3321-471: Is also the country's fourth largest fast-moving consumer goods (FMCG) market. Forbes considers Bengaluru one of "The Next Decade's Fastest-Growing Cities". The city is the third largest hub for high-net-worth individuals . There were a large number of high-net-worth individuals with a ₹ 4.5 crore investment surplus in 2007. In the Ease of Living Index 2020, it was ranked the most livable Indian city with
3444-454: Is considered the pivot for high-technology-based heavy manufacturing industry, with numerous large multinational technology corporations setting up their headquarters there. It is home to many top-tier engineering and research institutions. Bengaluru is known as the "Silicon Valley of India" because it is the nation's leading software exporter as well as a major semiconductor hub. Several state-owned aerospace and defence organisations are in
3567-493: Is primarily service oriented and industrial, dominated by information technology, telecommunication, biotechnology, and manufacturing of electronics, machinery, automobiles, food, etc. Major industrial areas around Bengaluru are Adugodi , Bidadi , Bommanahalli , Bommasandra , Domlur , Hoodi , Whitefield , Doddaballapura , Hoskote , Bashettihalli , Yelahanka , Electronic City , Peenya , Krishnarajapuram , Bellandur , Narasapura , Rajajinagar , Mahadevapura etc. It
3690-921: Is regulated by the Karnataka State Pollution Control Board (KSPCB) under the aegis of the Central Pollution Control Board (CPCB), a Central Government entity. As part of the Waste Management Guidelines, the government of Karnataka through the KSPCB has authorised a few well-established companies to manage biomedical and other hazardous waste in Karnataka. Bengaluru is one of the fastest-growing metropolises in India. Bengaluru contributes 38% of India's total IT exports. Its economy
3813-674: Is regulated through the Bangalore Electricity Supply Company (BESCOM), while water supply and sanitation facilities are provided by the Bangalore Water Supply and Sewerage Board (BWSSB). The city has offices of the Consulate General of Germany , France, Japan, Israel, British Deputy High Commission, along with honorary consulates of Ireland, Finland, Switzerland, Maldives, Mongolia, Sri Lanka and Peru. It also has
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3936-475: Is run by a city council of 250 members, including 198 corporators representing each of the wards of the city and 52 other elected representatives, consisting of members of Parliament and the state legislature. Elections to the council are held once every five years and are decided by popular vote . Members contesting elections to the council usually represent one or more of the state's political parties. A mayor and deputy mayor are also elected from
4059-476: Is the capital and largest city of the southern Indian state of Karnataka . It has a population of more than 8 million and a metropolitan population of around 15 million , making it India 's third most populous city and fourth most populous urban agglomeration . It is the most populous city and largest urban agglomeration in South India , and is the 27th largest city in the world . Located on
4182-602: Is the fifth Indian city to host maximum numbers of Fortune Companies , after Mumbai , Delhi , Kolkata and Chennai . The growth of IT has presented the city with unique challenges. Ideological clashes sometimes occur between the city's IT moguls, who demand an improvement in the city's infrastructure, and the state government, whose electorate is primarily from rural Karnataka. The encouragement of high-tech industry in Bengaluru, for example, has not favoured local employment development, but instead increased land values and forced out small enterprises. The state has also resisted
4305-462: Is the present city's supply of regular piped water. Modern Bengaluru was begun in 1537 by the chieftain Kempe Gowda I , who aligned with the Vijayanagara Empire under Emperor Achyuta Deva Raya to campaign against Gangaraja (whom he defeated and expelled to Kanchi), and who built a mud-brick fort for the people at the site that would become the central part of modern Bengaluru. Kempe Gowda
4428-550: The 2001 Census of India at Jalahalli , Sidhapura and Jadigenahalli, all of which are located on Bengaluru's outskirts today, suggest human settlement around 4000 BCE. Around 1,000 BCE (during the Iron Age ), burial grounds were established at Koramangala and Chikkajala on the outskirts of Bengaluru. Coins of the Roman emperors Augustus , Tiberius , and Claudius found at Yeswanthpur and HAL Airport indicate that
4551-487: The All India Institute of Mental Health (AIIMH) in 1956. By 1961, Bengaluru had become the sixth-largest city in India, with a population of 1,207,000. In the following decades, Bengaluru's manufacturing base continued to expand with the establishment of private companies such as MICO (Motor Industries Company), which set up its manufacturing plant in the city. By the 1980s, urbanisation had spilled over
4674-485: The Bangalore Development Authority in 1976 to coordinate the activities of these two bodies. Public sector employment and education provided opportunities for Kannadigas from the rest of the state to migrate to the city. Bengaluru experienced rapid growth in the decades 1941–51 and 1971–81, which saw the arrival of many immigrants from northern Karnataka. The Government of India set up
4797-556: The Bruhat Bengaluru Mahanagara Palike (BBMP) passed a resolution to implement the name change. The government of Karnataka accepted the proposal and it was decided to officially implement the name change from 1 November 2006. The Union government approved this request, along with name changes for 11 other Karnataka cities, in October 2014. Hence, Bangalore was renamed to "Bengaluru" on 1 November 2014. A discovery of Stone Age artefacts during
4920-627: The Deccan Plateau , at a height of over 900 m (3,000 ft) above sea level, Bengaluru has a pleasant climate throughout the year, with its parks and green spaces earning it the reputation of India's "Garden City". Its elevation is the highest of India's major cities. The city's history dates back to around 890, as per the old Kannada stone inscription found at the Nageshwara Temple in Begur, Bengaluru . In 1537, Kempé Gowdā ,
5043-762: The Kannadigas , are the Telugus and Tamilians , who both migrated to Bengaluru in search of a better livelihood, and the Dakhanis . Already in the 16th century, Bengaluru had few Tamil or Telugu or speakers, who spoke Kannada for business. Telugu-speaking people initially came to Bengaluru on invitation by the Mysore royalty. Other native communities are the Tuluvas and the Konkanis of coastal Karnataka, and
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5166-795: The Karnataka High Court , the Vidhana Soudha (the home of the Karnataka state legislature) and Raj Bhavan (the residence of the governor of Karnataka). Bengaluru contributes four members to the lower house of the Indian Parliament , the Lok Sabha , from its four constituencies: Bangalore Rural , Bangalore Central , Bangalore North , and Bangalore South , and 28 members to the Karnataka Legislative Assembly . Electricity in Bengaluru
5289-612: The Kingdom of Mysore . When Haider Ali seized control of the kingdom, Bengaluru's administration passed into his hands. The city was captured by the British East India Company after victory in the Fourth Anglo-Mysore War (1799), which then returned administrative control of the city, along with the kingdom, to Maharaja Krishnaraja Wadiyar III . The old city developed under the dominions of
5412-625: The Kodavas of the state's Kodagu district . The migrant communities include Maharashtrians , Punjabis , Rajasthanis , Gujaratis , Tamilians , Telugus , Malayalis , Odias , Sindhis , Biharis, Jharkhandis, and Bengalis . Bengaluru once had a large Anglo-Indian population, the second-largest after Kolkata . Today, there are around 10,000 Anglo-Indians in Bengaluru. Christians in Bengaluru include Tamil Christians , Mangalorean Catholics , Kannadiga Christians, Malayali Syrian Christians and Northeast Indian Christians . Muslims form
5535-527: The NPCI guidelines. Initially, on 19 January 2017, NPCI instructed ICICI to allow UPI transactions via PhonePe. During this period, Airtel too blocked PhonePe transactions on its platforms. A day later, on 20 January 2017, NPCI renounced the previous instructions citing the reason that PhonePe indeed violated the UPI norms. After this, PhonePe closed its operations on Flipkart's website, to align itself with
5658-550: The Unified Payments Interface , went live in August 2016. The PhonePe app is accessible in 11 Indian languages. It enables users to perform various financial transactions such as sending and receiving money, recharging mobile and DTH, making utility payments, conducting in-store payments. PhonePe was incorporated in December 2015. In April 2016, the company was acquired by Flipkart and as part of
5781-502: The Vijayanagara times. An apocryphal story states that the twelfth-century Hoysala king Veera Ballala II , while on a hunting expedition, lost his way in the forest. Tired and hungry, he came across a poor old woman who served him boiled beans. The grateful king named the place "Benda-Kaal-uru" (literally, "town of boiled beans"), which eventually evolved into "Bengalūru". Suryanath Kamath has put forward an explanation of
5904-522: The air quality index (AQI) of twenty stations within the city ranged from 76 to 314, suggesting heavy to severe air pollution around areas of high traffic. Bengaluru has a handful of freshwater lakes and water tanks , the largest of which are Madivala tank, Hebbal Lake , Ulsoor Lake, Yediyur Lake and Sankey Tank . However, about 90% of Bengaluru's lakes are polluted; the city government began revival and conservation efforts in December 2020. Groundwater occurs in silty to sandy layers of
6027-466: The alluvial sediments. The Peninsular Gneissic Complex (PGC) is the most dominant rock unit in the area and includes granites , gneisses and migmatites , while the soils of Bengaluru consist of red laterite and red, fine loamy to clayey soils. The city's vegetation is mostly large deciduous canopy and some coconut trees. Many trees are frequently felled to pave way for infrastructure development. Though Bengaluru has been classified as
6150-694: The hydroelectric plant situated in Shivanasamudra . The Indian Institute of Science was established in 1909, which subsequently played a major role in developing the city as a science research hub. In 1912, the Bangalore torpedo , an offensive explosive weapon widely used in World War I and World War II , was devised in Bengaluru by British army officer Captain McClintock of the Madras Sappers and Miners . Bengaluru's reputation as
6273-566: The labour unrest in Binny Mills due to demand by textile workers for payment of bonus resulted in lathi charging and police firing, resulting in the death of four workers, and several injuries. In July 1928, there were notable communal disturbances in Bengaluru, like when a Ganesh idol was removed from a school compound in the Sultanpet area of Bengaluru. In 1940, the first flight between Bengaluru and Mumbai took off, which placed
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#17327802072386396-610: The police commissioner is Pratap Reddy. Bengaluru's rapid growth has created several administrative problems relating to traffic congestion and degrading infrastructure. The unplanned nature of growth in the city resulted in massive traffic gridlocks ; a flyover system and one-way traffic systems were introduced, which were only moderately successful. A 2003 Battelle Environmental Evaluation System (BEES) evaluation of Bengaluru's physical, biological and socioeconomic parameters indicated that Bengaluru's water quality and terrestrial and aquatic ecosystems were close to ideal, while
6519-483: The "Garden City of India" began in 1927 with the silver jubilee celebrations of the rule of Krishnaraja Wodeyar IV . Several projects such as the construction of parks, public buildings and hospitals were instituted to improve the city. Bengaluru played an important role during the Indian independence movement . Mahatma Gandhi visited the city in 1927 and 1934 and addressed public meetings here. In 1926,
6642-591: The 19th century, Bengaluru essentially became a twin city , with the "pētē", whose residents were predominantly Kannadigas and the cantonment created by the British. Throughout the 19th century, the Cantonment gradually expanded and acquired a distinct cultural and political salience as it was governed directly by the British and was known as the Civil and Military Station of Bangalore. While it remained in
6765-509: The 2011 census of India, 79% of Bengaluru's population is Hindu , a little less than the national average . Muslims comprise 13.9% of the population, roughly the same as their national average. Christians and Jains account for 5.4% and 1.0% of the population, respectively, double that of their national averages. The city has a literacy rate of 90%. Roughly 10% of Bengaluru's population lives in slums —a relatively low proportion when compared to other cities in
6888-526: The 21st century, Bengaluru has had major terrorist attacks in 2008 , 2010 , and 2013 . Bengaluru lies in the southeast of the South Indian state of Karnataka. It is in the heart of the Mysore Plateau (a region of the larger Cretaceous Deccan Plateau ) at an average elevation of 900 m (2,953 ft). It covers an area of 741 km (286 sq mi). The majority of
7011-679: The Aigandapura complex near Hesaraghatta , Mukthi Natheshwara Temple at Binnamangala, Choleshwara Temple at Begur , Someshwara Temple at Ulsoor , date from the Chola era. In 1117, the Hoysala king Vishnuvardhana defeated the Cholas in the Battle of Talakad in south Karnataka, and extended its rule over the region. Vishnuvardhana expelled the Cholas from all parts of the Mysore state. By
7134-707: The British returned administrative control of the Bengaluru pētē to the Maharaja of Mysore and was incorporated into the Princely State of Mysore , which existed as a nominally sovereign entity of the British Raj . The old pētē developed in the dominions of the Maharaja of Mysore. The Residency of Mysore State was first established in Mysore City in 1799 and later shifted to Bengaluru in 1804. It
7257-603: The Doddapētē Square—the heart of Bengaluru. Kempe Gowda I's During the Vijayanagara rule, many saints and poets referred to Bengaluru as "Devarāyanagara" and "Kalyānapura" or "Kalyānapuri" ("Auspicious City"). After the fall of the Vijayanagara Empire in 1565 in the Battle of Talikota , Kempe Gowda I declared independence. His successor, Kempe Gowda II, built four towers that marked Bengaluru's boundary. Then in 1638,
7380-605: The FY2009–10 and ₹ 750 million (US$ 9.0 million) in the FY2010–11. Flipkart reported a loss of ₹ 2.81 billion (US$ 34 million) for the FY2012–13. In July 2013, Flipkart raised US$ 160 million from private equity investors . In October 2013, it was reported that Flipkart had raised an additional US$ 160 million from new investors Dragoneer Investment Group , Morgan Stanley Wealth Management , Sofina SA, and Vulcan Inc. , with
7503-562: The Flipkart's supply chain and to support the career progression of Flipkart's female employees. The same month, the company established the Flipkart Foundation to support entrepreneurship and skill development within the underserved communities in India. In 2022, Flipkart entered the Non-Fungible Tokens (NFTs) and Web3 segment by letting the Indian purchasers of Nothing Phone (1) to get Nothing's NFT through
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#17327802072387626-750: The Flying Machine brand. Flipkart also rolled out Flipkart Quick, a hyperlocal 90-minute delivery service for product categories such as groceries, home accessories, mobile phones, stationery, and more. In October 2020, Flipkart acquired a 7.8% stake in Aditya Birla Fashion and Retail for US$ 204 million. The following month, Flipkart acquired the intellectual property of gaming startup Mech Mocha for an undisclosed amount. The acquisition formed part of Flipkart's plans to gain and retain users by offering casual games. In November 2020, Flipkart acquired augmented reality company Scapic, which provides
7749-625: The IT companies are located in Bommanahalli , Domlur , Whitefield , Electronic City , Krishnarajapuram , Bellandur , and Mahadevapura . PhonePe PhonePe is an Indian digital payments and financial services company headquartered in Bengaluru , Karnataka , India . It was founded in December 2015, by Sameer Nigam, Rahul Chari and Burzin Engineer. The PhonePe app, based on
7872-438: The Reserve Bank of India for operating a Semi-Closed Prepaid Payment system. In December 2020, Flipkart and PhonePe declared a partial split, with Walmart maintaining its majority ownership in PhonePe and the two entities now functioning independently. PhonePe announced the acquisition of $ 350 million from General Atlantic, a US growth equity firm, at a pre-money valuation of $ 12 billion. Subsequently, another $ 100 million
7995-439: The Traffic Police, the City Armed Reserve, the Central Crime Branch and the City Crime Record Bureau and runs 86 police stations, including two all-women police stations. Other units within the BCP include Traffic Police, City Armed Reserve (CAR), City Special Branch (CSB), City Crime Branch (CCB) and City Crime Records Bureau (CCRB). As capital of the state of Karnataka, Bengaluru houses important state government facilities such as
8118-472: The Whitefield region, is the most polluted area in Bengaluru. In 2016, a study found that over 36% of diesel vehicles in the city exceed the national limit for emissions. Anil Kumar, Commissioner of the BBMP, said: "The deteriorating air quality in cities and its impact on public health is an area of growing concern for city authorities. While much is already being done about collecting and monitoring air quality data, little focus has been given on managing
8241-532: The acquisition, the FxMart license was transferred to PhonePe and rebranded as the PhonePe wallet. PhonePe's co-founder Sameer Nigam was appointed as the CEO of the company. In August 2016, the company partnered with Yes Bank to launch a UPI -based mobile payment app, based on the government-backed UPI platform. In 2022, they were launching international UPI payments, allowing Indian users traveling abroad to pay foreign merchants with Unified Payments Interface (UPI). In 2022, PhonePe obtained licensing from
8364-440: The announcement of Walmart's deal, eBay announced that it would sell its stake in Flipkart back to the company for approximately US$ 1.1 billion and relaunch its Indian operations. The company stated that "there is a huge growth potential for e-commerce in India and significant opportunity for multiple players to succeed in India's diverse, domestic market." Softbank Group also sold its entire 20% stake to Walmart without disclosing
8487-423: The app called Nothing Community Dots. These NFTs use the Polygon blockchain to host it. The NFT drop happened at FireDrops - which was done on Flipkart's NFT marketplace, supported by GuardianLink. In October 2022, Flipkart also created a shopping platform that was metaverse-based, called Flipverse. The platform allows people to explore products and shop in a more interactive way. The Flipverse has been created through
8610-430: The area. The new centre had its own municipal and administrative apparatus, though technically it was a British enclave within the territory of the Wodeyar Kings of the Princely State of Mysore . Two important developments which contributed to the rapid growth of the city, include the introduction of telegraph connections to all major Indian cities in 1853 and a rail connection to Madras (now Chennai), in 1864. In
8733-416: The building of the Lal Bagh Botanical Gardens in 1760. Under them, Bengaluru developed into a commercial and military centre of strategic importance. The Bengaluru fort was captured by British forces under Lord Cornwallis on 21 March 1791 during the Third Anglo-Mysore War and formed a centre for British resistance against Tipu Sultan. Following Tipu's death in the Fourth Anglo-Mysore War (1799),
8856-772: The city and 10,456,000 in the urban agglomeration, up from 8.5 million at the 2011 census. It is the third most populous city in India, the 18th most populous city in the world and the fifth most populous urban agglomeration in India. With a growth rate of 38% during the decade, Bengaluru was the fastest-growing Indian metropolis after New Delhi between 1991 and 2001. Residents of Bengaluru are referred to as "Bangaloreans" in English, Bengaloorinavaru or Bengaloorigaru in Kannada and Banglori in Hindi or Urdu . People from other states have migrated to Bengaluru to study or work there as well. According to
8979-504: The city and connects with five sewage treatment centres located in the city's periphery. In the 16th century, Kempe Gowda I constructed many lakes to meet the town's water requirements. The Kempambudhi Kere, since overrun by modern development, was prominent among those lakes. In the first half of the 20th century, the Nandi Hills waterworks were commissioned by Sir Mirza Ismail ( Diwan of Mysore, 1926–41 CE) to provide
9102-602: The city of Bengaluru lies in the Bangalore Urban district of Karnataka and the surrounding rural areas are a part of the Bangalore Rural district . The Government of Karnataka has carved out the new district of Ramanagara from the old Bangalore Rural district. Bengaluru's topography is generally flat, although the western parts of the city are hilly. The highest point is Vidyaranyapura Doddabettahalli , 962 m (3,156 ft) above sea level, situated to
9225-538: The city on India's urban map. After India's independence in August 1947, Bengaluru remained in the newly carved Mysore State of which the Maharaja of Mysore was the Rajapramukh (appointed governor). The "City Improvement Trust" was formed in 1945, and in 1949, the "City" and the "Cantonment" merged to form the Bangalore City Corporation . The Government of Karnataka later constituted
9348-457: The city's socioeconomic parameters (traffic, quality of life ) air quality and noise pollution were poor. The BBMP works in conjunction with the Bangalore Development Authority (BDA) and the Agenda for Bangalore's Infrastructure and Development Task Force (ABIDe) to design and implement civic and infrastructural projects. The Bengaluru City Police (BCP) has seven geographic zones, includes
9471-415: The city. The presence of numerous notable sporting arenas in Bengaluru makes it one of the country's sporting hubs. Bangalore is an anglicised version of the city's Kannada name Bengalūru . It was the name of a village near Kodigehalli in Bengaluru city today and was used by Kempe Gowda to name the city as Bengalūru at the time of its foundation in 1537. The earliest reference to the name "Bengalūru"
9594-401: The company that runs the e-commerce marketplace Flipkart.com, Flipkart India Pvt. Ltd, the wholesale business, and Flipkart Logistics Pvt. Ltd, which runs Ekart (the internal logistics arm that can be used by other e-commerce players). Flipkart also started Flipkart Health+ (through an app) in 2021 which deals with providing medicines and health services through technology. This was started with
9717-462: The company. While eBay suggested that the partnership would allow Flipkart to access eBay's network of international vendors, these plans never came to fruition. In July 2017, Flipkart made an offer to acquire its main domestic competitor, Snapdeal , for US$ 700 to 800 million. It was rejected by Snapdeal, which was seeking at least US$ 1 billion. In August 2018, American retail chain Walmart acquired
9840-456: The complainant's assertions against Binny, it did reveal other lapses in judgment, particularly a lack of transparency, related to how Binny responded to the situation." In July 2019, Flipkart launched Samarth program that supported local artisans, weavers, and craftspersons that traditionally are only able to sell locally. The Samarth program supports with onboarding and helping them sell their products online beyond their local markets, and across
9963-555: The completion of its 4th round of funding, netting a total of US$ 150 million from MIH (part of the Naspers Group) and ICONIQ Capital . The company announced on 10 July 2013 that it had raised an additional US$ 200 million from existing investors, including Tiger Global, Naspers, Accel Partners and Iconiq Capital. Flipkart's reported sales were ₹ 40 million (US$ 480,000) in the FY2008 –09, ₹ 200 million (US$ 2.4 million) in
10086-497: The country who converted Bengaluru's large plots and colonial bungalows into multi-storied apartments. In 1985, Texas Instruments became the first multinational corporation to set up base in Bengaluru. Other information technology companies followed suit and by the end of the 20th century, Bengaluru had established itself as the Silicon Valley of India . Today, Bengaluru is India's third most populous city. During
10209-443: The country. Apart from the onboarding, the program also helps with other processes of selling online such as cataloging, warehousing support etc. Flipkart invested US$ 4 million in the customer engagement and rewards platform EasyRewardz - a business-to-business loyalty management platform on 19 November 2019. The platform supports the management of loyalty points among banks and brands. In 2020, Flipkart launched Flipkart Wholesale,
10332-578: The current boundaries, and in 1986, the Bangalore Metropolitan Region Development Authority , was established to co-ordinate the development of the entire region as a single unit. On 8 February 1981, a major fire broke out at Venus Circus in Bengaluru, where more than 92 people died, the majority of them children. Bengaluru experienced a growth in its real estate market in the 1980s and 1990s, spurred by capital investors from other parts of
10455-445: The deal, considering it a threat to domestic business. In a filing with the U.S. Securities and Exchange Commission on 11 May 2018, Walmart stated that a condition of the deal prescribed the possibility that Flipkart's current minority shareholders "may require Flipkart to effect an initial public offering following the fourth anniversary of the closing of the transactions at a valuation no less than that paid by Walmart". Following
10578-542: The developing world such as Mumbai (50%) and Nairobi (60%). The 2008 National Crime Records Bureau statistics indicate that Bengaluru accounts for 8.5% of the total crimes reported from 35 major cities in India which is an increase in the crime rate when compared to the number of crimes fifteen years ago. In the Ease of Living Index 2020 ( published by the Ministry of Housing & Urban Affairs ), it
10701-584: The elected members of the council. Elections to the BBMP were held on 28 March 2010, after a gap of three and a half years since the expiry of the previous elected body's term, and the Bharatiya Janata Party was voted into power – the first time it had ever won a civic poll in the city. Indian National Congress councillor Sampath Raj became the city's mayor in September 2017;
10824-629: The end of the 13th century, Bengaluru became a source of contention between two warring cousins, the Hoysala ruler Veera Ballala III of Halebidu and Ramanatha, who administered from the Hoysala held territory in Tamil Nadu. Veera Ballala III had appointed a civic head at Hudi (now within Bangalore Municipal Corporation limits), thus promoting the village to the status of a town. After Veera Ballala III's death in 1343,
10947-402: The grocery delivery segment in 700 cities across India. Shopsy surpasses 200 million app downloads on its 2nd anniversary in the month of July in 2023 with more than 60% of users hailing from tier-3 markets and other cities. In 2022, when PhonePe (acquired by Flipkart in 2015) moved its entire base to India, Flipkart separated the ownership of PhonePe and shareholders in India and Singapore and
11070-652: The help of getting the majority share in Sastasundar Marketplace Limited - an existing company that already was providing online pharmacy services. Notable companies in which Flipkart Group owns a controlling stake include: Flipkart has made 22 acquisitions and 27 investments, spending over US$ 415 million for the acquisitions. Flipkart has invested in multiple sectors such as e-commerce, consumer electronics, local services and more. In 2022, it also revised its policies for sellers in an attempt to make it more seller-friendly. This included simplifying
11193-474: The impacts that bad air quality is having on the health of citizens." According to a 2012 report submitted to the World Bank by Karnataka Slum Clearance Board, Bengaluru had 862 slums out of around 2000 slums in all of Karnataka. 42% of the households migrated from different parts of India like Chennai , Hyderabad and most of North India , and 43% of the households had remained in
11316-501: The largest value coming from mobiles. In 2014, Flipkart invested in Ngpay to strengthen the mobile payment services since there was an increased focus on mobile ecommerce; Flipkart reported that mobile ecommerce was contributing 50% of its sales. Investment in Ngpay was followed by Flipkart shutting Payzippy – the in-house payment gateway and merged it with Ngpay. The Ngpay mobile application could be used to buy services and products through
11439-451: The maharaja. In 1809, the British shifted their cantonment to Bengaluru, outside the old city, and a town grew up around it. Following India's independence in 1947, Bengaluru became the capital of Mysore State , and remained the capital when the state was enlarged and unified in 1956 and renamed Karnataka in 1973. The two urban settlements of Bengaluru, the town and the cantonment, which had developed as independent entities, merged into
11562-427: The massive investments required to reverse the rapid decline in city transport, driving new and expanding businesses elsewhere in India. Bengaluru is a hub for Indian biotechnology -related industry and in 2005 was home to around 47% of the 265 biotechnology companies in India, including Biocon , India's largest biotechnology company, giving Bengaluru the nickname of the "Biotech Capital of India". Bengaluru
11685-594: The mobile phones. In April 2015, Flipkart acquired Appiterate, a Delhi -based mobile marketing automation firm. Flipkart stated that it would use Appiterate's technology to enhance its mobile services. In December 2015, Flipkart purchased a stake of around 34% (at a deal of around $ 260 million) in the digital mapping provider MapmyIndia . The company also invested in the UPI mobile payments startup PhonePe same year. The two entities, PhonePe and Flipkart, separated as two different companies later. In 2016, Flipkart acquired
11808-742: The next empire to rule the region was the Vijayanagara Empire , which itself saw the rise of four dynasties, the Sangamas (1336–1485), the Saluvas (1485–1491), the Tuluvas (1491–1565), and the Aravidu (1565–1646). During the reign of the Vijayanagara Empire, Achyuta Deva Raya of the Tuluva dynasty raised the Shivasamudra Dam across the Arkavati river at Hesaraghatta , whose reservoir
11931-499: The northeast and the southwest monsoons , and the wettest months is September, followed by October and August. The summer heat is moderated by fairly frequent thunderstorms , which occasionally cause power outages and local flooding. Most of the rainfall occurs during the late afternoon or evening and rain before noon is infrequent. November 2015 (290.4 mm) was recorded as one of the wettest months in Bengaluru with heavy rains causing severe flooding in some areas, and closure of
12054-596: The northwest of the city. No major rivers run through the city, although the Arkavathi and South Pennar cross paths at the Nandi Hills , 60 km (37 mi) to the north. River Vrishabhavathi , a minor tributary of the Arkavathi, arises within the city at Basavanagudi and flows through the city. The rivers Arkavathi and Vrishabhavathi together carry much of Bengaluru's sewage . A sewerage system, constructed in 1922, covers 215 km (83 sq mi) of
12177-656: The online fashion retailer Jabong.com from Rocket Internet for US$ 70 million and in January 2017, Flipkart made a US$ 2 million investment in TinyStep , a parenting information startup. In 2017, Flipkart sold 1.3 million phones in 20 hours on 21 September during its Big Billion Days promotion, doubling the number sold on the first day of the same event in 2016. Flipkart held a 51% share of all Indian smartphone shipments in 2017, overtaking Amazon India (33%). In April 2017, eBay announced that it would sell its Indian subsidiary , eBay.in, to Flipkart and invest US$ 500 million in
12300-566: The princely territory of Mysore, Cantonment had a large military presence and a cosmopolitan civilian population that came from outside the princely state of Mysore, including British and Anglo-Indians army officers. Bengaluru was hit by a plague epidemic in 1898 that claimed nearly 3,500 lives. The crisis caused by the outbreak catalysed the city's sanitation process. Telephone lines were laid to help co-ordinate anti-plague operations. Regulations for building new houses with proper sanitation facilities came into effect. A health officer
12423-451: The rate card and reducing fee for return costs. In 2022, Flipkart reportedly hosted 1.1 million sellers. The initial development budget of Flipkart was ₹ 400,000 (US$ 4,800). It later raised funding from venture capital firms Accel India (receiving US$ 1 million in funding in 2009) and Tiger Global (US$ 10 million in 2010 and US$ 20 million in June 2011). On 24 August 2012, Flipkart announced
12546-563: The region was involved in trans-oceanic trade with the Romans and other civilisations in 27 BCE. The region of modern-day Bengaluru was part of several successive South Indian kingdoms. Between the fourth and tenth centuries, the region was ruled by the Western Ganga dynasty of Karnataka, the first dynasty to set up effective control over the region. According to Edgar Thurston , there were twenty-eight kings who ruled Gangavadi from
12669-545: The reign of Raja Raja Chola I , the Cholas defeated the Western Gangas under the command of the crown prince Rajendra Chola I , and captured Bengaluru. During this period, the Bengaluru region witnessed the migration of many groups—warriors, administrators, traders, artisans, pastorals, cultivators, and religious personnel from Tamil Nadu and other Kannada-speaking regions. The Chokkanathaswamy temple at Domlur ,
12792-536: The respective shareholders purchased shares of PhonePe 's India entity directly. It was announced that a cash payout of approximately $ 700 million was to be made to the former and current employees who were holding PhonePe's shares. In April 2022, Flipkart launched its first grocery fulfilment center in Northeast India , based in Guwahati . The centre was reportedly women-run to promote inclusion of women in
12915-452: The slums for over 10 years. The Karnataka Municipality works to shift 300 families annually to newly constructed buildings. One-third of these slum clearance projects lacked basic service connections, 60% of slum dwellers lacked complete water supply lines and shared BWSSB water supply. Ιn 2012, Bengaluru generated 2.1 million tonnes of Municipal Solid Waste , or 194.3 kilograms per person. Waste management in Karnataka
13038-717: The start of the Christian era until its conquest by the Cholas. The Western Gangas ruled the region initially as a sovereign power (350–550 CE), and later as feudatories of the Chalukyas of Badami , followed by the Rashtrakutas until the tenth century. The Begur Nageshwara Temple was commissioned around 860, during the reign of the Western Ganga King Ereganga Nitimarga I, and extended by his successor Nitimarga II. Around 1004, during
13161-442: The terms of the sale. Walmart's acquisition of a 77% stake in Flipkart was completed on 18 August 2018. Walmart also provided US$ 2 billion in equity funding to the company. On 22 December 2023, Flipkart confirmed that US$ 600 million will be raised from Walmart out of its total fundraising plan of US$ 1 billion. The expected valuation of the deal will range from US$ 34 billion to US$ 37 billion. In 2022 after PhonePe's separation, Flipkart
13284-603: The then ruler of the Kingdom of Mysore for three lakh rupees. After the death of Krishnaraja Wodeyar II in 1759, Hyder Ali , Commander-in-Chief of the Mysore Army, proclaimed himself the de facto ruler of the Kingdom of Mysore. Hyder Ali is credited with building the Delhi and Mysore gates at the northern and southern ends of the city in 1760. The kingdom later passed to Hyder Ali's son Tipu Sultan . Hyder and Tipu directed
13407-454: The vote was boycotted by the BJP . In September 2018, Indian National Congress councillor Gangambike Mallikarjun was elected as mayor, replacing Sampath Raj . In 2019 BJP 's M Goutham Kumar took charge as mayor. On 10 September 2020, the term of the BBMP council ended and Gaurav Gupta was appointed as the administrator of BBMP. The municipal commissioner of Bengaluru is Tushar Giri Nath, and
13530-444: Was abolished in 1843, only to be revived in 1881 at Bengaluru and closed down permanently in 1947, with Indian independence . The British found Bengaluru to be a pleasant and appropriate place to station their garrison and therefore moved their cantonment to Bengaluru from Seringapatam in 1809 near Ulsoor , about 6 km (4 mi) northeast of the city. A town grew up around the cantonment, by absorbing several villages in
13653-523: Was appointed and the city divided into four wards for better co-ordination. Victoria Hospital was inaugurated in 1900 by Lord Curzon , the then Governor-General of British India . New extensions in Malleswaram and Basavanagudi were developed in the north and south of the pētē. In 1903, motor vehicles came to be introduced in Bengaluru. In 1906, Bengaluru became one of the first cities in India to have electricity from hydro power , powered by
13776-478: Was attained in primary capital in February 2023 from Ribbit Capital, Tiger Global , and TVS Capital Funds, followed by $ 200 million in primary capital from Walmart , and another $ 100 million from General Atlantic at the same valuation. This brings the total amount of funding raised by PhonePe to $ 850 million. On 14 January 2017, ICICI bank blocked PhonePe transactions, citing the reasons that it did not meet
13899-496: Was created in 2023 for customers who want to have a sustainable lifestyle by providing certified sustainable products. Binny Bansal resigned from the executive team on 28 January 2024, and over the past few months, he has completely divested his stake. In the last year, Binny, along with Excel and Tiger Global Management , sold their entire stake to Walmart , resulting in Binny earning around 1.5 billion dollars. Walmart had acquired
14022-527: Was done in two tranches, according to regulatory filings. In March 2021, it was reported that Flipkart was considering the possibility of going public through a merger with a special-purpose acquisition company (SPAC) to speed up its listing process in the United States. Bangalore Bengaluru ( Kannada: [ˈbeŋɡɐɭuːɾu] ; ISO : Beṁgaḷūru ), formerly called Bangalore in English ( / ˈ b æ ŋ ɡ ə l ɔːr , ˌ b æ ŋ ɡ ə ˈ l ɔː r / BANG -gə-lor, - LOR ),
14145-423: Was found in a ninth-century Western Ganga dynasty stone inscription on a vīra gallu (Kannada: ವೀರಗಲ್ಲು ; lit. ' hero stone ' , a rock edict extolling the virtues of a warrior). According to an Old Kannada inscription found in Begur , "Bengalūrū" was the place of a battle in 890 CE . It was also referred to as "Kalyānapura" or "Kalyānapuri" ("Auspicious City") and "Dēvarāyanagara" during
14268-611: Was last valued at around US$ 33 billion. According to a report in November 2014, Flipkart operated with a complex business structure that included nine firms, some registered in Singapore and some in India. In 2022, Flipkart co-founders sold WS Retail to a consortium of investors led by Rajeev Kuchhal. Flipkart's Indian entities are owned by Flipkart Pvt. Ltd., which is registered in Singapore. The Singapore-registered entity owns eight Indian companies, including Flipkart Internet Pvt. Ltd,
14391-498: Was ranked the most livable Indian city with a population of over a million. Bengaluru has the same major urbanisation problems seen in many fast-growing cities in developing countries: rapidly escalating social inequality, mass displacement and dispossession, the proliferation of slum settlements, and epidemic public health crisis due to severe water shortage and sewage problems in poor and working-class neighbourhoods. Languages of Bengaluru (2011) The official language of Bengaluru
14514-593: Was reported that Walmart had won a bidding war with Amazon to acquire a majority stake in Flipkart for US$ 15 billion. On 9 May 2018, Walmart officially announced its intent to acquire a 77% controlling stake in Flipkart for US$ 16 billion. Following the purchase, Flipkart co-founder Sachin Bansal left the company. The remaining management team reported to Marc Lore , CEO of Walmart eCommerce US. Walmart president Doug McMillon cited plans to help Flipkart with its sourcing and supply chain while tapping on its expertise to expand Walmart globally. Indian traders protested against
14637-490: Was restricted by rules made by the Emperor, who feared the potential power of Kempe Gowda and did not allow a stone fort. Kempe Gowda referred to the new town as his " gandubhūmi " or "Land of Heroes". Within the fort, the town was divided into smaller divisions, each called a pētē ( Kannada pronunciation: [peːteː] ). The town had two main streets—Chikkapētē Street and Doddapētē Street. Their intersection formed
14760-531: Was started from a two-bedroom apartment in Koramangala, Bengaluru. The initial investment was provided by their families, which was INR 2 Lakh from each family. The website was kicked off in October 2007 and the company was only limited to selling books at that time country-wide shipping. Flipkart slowly grew in prominence and was receiving 100 orders per day by 2008. Flipkart acquired WeRead in 2010 from Lulu.com that helped it build its foundational strength which
14883-417: Was the digital retail of books. This space was otherwise only shared by very limited number of players at that time in the market, such as Landmark and Infibeam . Flipkart used aggressive discounts and focused on customer service to move towards a leadership position in the market. WeRead consisted of a large network of readers (~3 million) with around 60 million books. The platform also noted information that
15006-473: Was unsuccessful and shut down in June 2013. Mime360 was a content distributor that used HTTP-based encryption technology that allows for fast and secure data delivery. It distributed music, media and games using its distribution platform. With its eyes on India's retail market, Flipkart acquired Letsbuy, an online electronics retailer, in 2012, and Myntra , an online fashion retailer, for US$ 280 million in May 2014. Myntra continues to operate alongside Flipkart as
15129-562: Was user generated – such as people marking a book as favorite or leaving a review or rating. WeRead, because of its utility to community and independent nature maintained its brand identity even after acquisition In 2011, Flipkart acquired the digital distribution business Mime360.com and the digital content library of the Bollywood portal Chakpak. Following the acquisition, Flipkart launched its DRM-free Digital music store Flyte in 2012. Due to competition from free streaming sites, Flyte
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