Amazon vs flipkart in india. Indias shopkeepers took to the streets on monday to protest walmarts 16 billion takeover of indian e commerce leader flipkart. Indias largest e commerce marketplace flipkart on wednesday announced the launch of 2gud its first ever independent platform for refurbished goods. Last week indias business news publications were abuzz with speculation around a possible acquisition of a majority stake in indian e commerce giant flipkart by either amazon or walmart.
Over the time it has been ranked as high as 74 in the world while most of its traffic comes from india where it reached as high as 5 position. Get latest and exclusive flipkart sale news updates and stories of september 22 2018. Why you should sell online.
Also get news from india and world including business cricket. According to a study conducted by google india there were 35 million online shoppers in india in 2014 q1 and is expected to cross 100 million mark by end of year 2016. Broadband internet and explosive growth of mobile phones are fueling this growth further.
Walmart on wednesday said it had agreed to pay 16 billion for about 77 stake in flipkart a deal that will pitch the worlds largest retailer in direct competition with its us. The product portfolio of 2gud would initially include smartphones laptops tablets and electronic accessories and several more. Explore photos videos on flipkart sale.