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. Flipkart Private Limited reported a revenue amounting to over 511 billion Indian rupees in financial year 2022.
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