Who are the stakeholders of Flipkart?
Tencent’s stake in Flipkart is estimated to be between 4%-5.3% currently. China-based Tencent is a minority investor in the e-commerce firm and shares the cap table with other minority investors including Tiger Global, Accel, former CEO and co-founder Binny Bansal, Microsoft and Singapore GIC.
Who holds the directorship of Flipkart on the basis of 81% stake?
Sachin Bansal (born August 5, 1981) is an Indian entrepreneur. He is best known as the co-founder of Flipkart, that was acquired by Walmart (77 per cent stake) at $16 billion in 2018. During his over 11 year career at Flipkart, Bansal was CEO and chairman….
| Sachin Bansal | |
|---|---|
| Spouse(s) | Priya Bansal |
How many subsidiaries does flipkart have?
There are three subsidiaries under Flipkart Pvt Ltd. They are: Myntra. PhonePe.
Who is the real owner of Flipkart?
Sachin Bansal
Flipkart also owns PhonePe, a mobile payments service based on the UPI….Flipkart.
| Flipkart’s main office in India | |
|---|---|
| Founder | Sachin Bansal Binny Bansal |
| Headquarters | Bangalore, Karnataka, India (operational HQ) Singapore (legal domicile) |
| Area served | India |
| Key people | Kalyan Krishnamurthy (CEO) |
Who owned myntra?
Mukesh Bansal Flipkart
The Co-Founder of Myntra- Mukesh Bansal Flipkart acquired Myntra in 2014 for a record-breaking deal valued at ₹2,000 Cr ($280 million). At the time of acquisition by Flipkart, Myntra had a total of 1,50,000 products of over 1000 brands, catering to over more than 9000 pin codes in India.
What is the salary of Flipkart CEO?
Flipkart CEO/MD/Director Salary FAQs Average Flipkart CEO/MD/Director salary in India is ₹ 191 Lakhs for less than 1 year of experience. CEO/MD/Director salary at Flipkart ranges between ₹35 Lakhs to ₹ 400 Lakhs.
Who are Walmart’s stakeholders?
Walmart’s Stakeholder Groups
- Investors.
- Customers.
- Employees.
- Suppliers.
Who owned Amazon?
Jeff Bezos
REAL TIME NET WORTH Jeff Bezos founded e-commerce giant Amazon in 1994 out of his garage in Seattle. He stepped down as CEO to become executive chairman on July 5, 2021. Amazon thrived during the pandemic; revenues in 2020 grew 38% to $386 billion as people stayed home and made online purchases.
Is roadster an Indian brand?
Roadster, Myntra’s outdoor lifestyle brand, has launched an all-new licensed Roadster MotoGP collection, becoming the first Indian brand to enter into an exclusive collaboration with the world’s premier motorcycling championship.
What is the salary of Flipkart manager?
How much does a Manager at Flipkart make? The typical Flipkart Manager salary is ₹17,22,385 per year. Manager salaries at Flipkart can range from ₹1,32,000 – ₹30,82,458 per year.
Who is owner of Myntra?
Flipkart
Myntra/Parent organizations
In 2019, Nagaram replaced Ananth Narayanan who stepped down from the post of chief executive officer of Myntra and Jabong, which were the fashion units of Flipkart. Ngaram took over as head, Myntra and Jabong, and reported to Flipkart Group CEO Kalyan Krishnamurthy. Nagaram, that time was a vice-president at Flipkart.
Who is the largest shareholder in Flipkart now?
The US retail giant announced today that it has completed the $16 billion investment to acquire approximately 77% in Flipkart, making Walmart the largest shareholder in the Flipkart Group. Flipkart’s financials will now be reported as part of Walmart’s International business segment.
How much money does Flipkart India Private Limited have?
It’s authorized share capital is INR 1.20 cr and the total paid-up capital is INR 1.11 cr. Flipkart India Private Limited’s operating revenues range is Over INR 500 cr for the financial year ending on 31 March, 2020. It’s EBITDA has increased by 14.22 % over the previous year.
What kind of Stake does Walmart have in Flipkart?
If the deal goes through, Walmart may acquire 15%-20% stake in Flipkart, thus combining their forces to challenge Amazon. How successful Flipkart is in thwarting competition from heavily-funded Amazon and Paytm Mall remains to be seen.
Who are the new board members of Flipkart?
Tencent and Tiger Global will remain a part of Flipkart’s board in addition to independent board members, and will be joined by new members from Walmart. This acquisition has provided an exit to early investors including Accel Partners and Naspers along with cofounder Sachin Bansal.