United States Retail Giant Walmart Plans India e-Commerce Flipkart & Digital Payment Company PhonePe IPOs, Relocates Flipkart Holding Company from Singapore to India, Flipkart Founded in 2007 by Sachin Bansal & Binny Bansal, Setup Holding Company in Singapore in 2011, Walmart Bought Controlling Shares in Flipkart in 2018 & Separated PhonePe from Flipkart in 2022
23rd April 2025 | Hong Kong
United States retail giant Walmart is planning for India e-commerce Flipkart & digital payment company PhonePe IPOs, relocating Flipkart holding company from Singapore to India. Flipkart was founded in 2007 by Sachin Bansal & Binny Bansal, and setup the holding company in Singapore in 2011. In 2018, Walmart bought controlling shares in Flipkart, and separated PhonePe from Flipkart in 2022. At Flipkart, we’re driven by our purpose of empowering every Indian’s dream by delivering value through innovation in technology and commerce. With a customer base of over 350 million, product coverage of over 150 million across 80+ categories, a focus on generating direct and indirect employment and a commitment to empowering generations of entrepreneurs and MSMEs, all driven by a sustainable growth strategy – Flipkart is maximising for customers, stakeholders, and the planet at large! At Flipkart, our promise to every Flipster is – getting an opportunity to leave a mark and create their own legacy, the freedom to experiment, learn and grow, work with the industry’s brightest minds as part of a diverse team and we will extend our culture of care to them to ensure that they can focus on doing their best work. Driven by audacity, bias for action, customer first, integrity and inclusion – Flipsters have pioneered solutions that have transformed digital commerce in India. From the industry-first introduction of cash-on-delivery in 2010 to the launch of voice search and multiple vernacular interfaces in 2021 that have made e-commerce a very inclusive experience, Flipkart continues the exciting journey of solving for the Indian customer. We understand that your own aspirations and journeys are unique. So you choose what you want to maximise, and we provide you the platform for it – because when you maximise, we maximise. Flipkart is a part of the Walmart-owned Flipkart Group, which also includes group companies Flipkart Wholesale, Flipkart Health+, Cleartrip, and Myntra. PhonePe Group is India’s leading fintech company, proudly recognized as India’s #1 Trusted Digital Payments* Brand for three consecutive years. Our flagship product, the PhonePe app was launched in August 2016, has rapidly become the preferred consumer payments app in India. In just eight years, PhonePe has gained over 57 crore + registered users and established a digital payments acceptance network of over 4 crore+ merchants spread across Tier 2,3 cites and beyond, covering 99% of the postal codes in the country. Building on our leadership in digital payments, PhonePe Group has expanded into financial services—including insurance, lending, and wealth management—along with new consumer tech ventures such as Pincode, a hyperlocal ecommerce platform, Indus App Store – India’s first localized app store, and Share.Market- A wealth and investment platform (app & website), catering to investors and traders needs. Headquartered in India, PhonePe Group aligns its diverse portfolio of businesses with our vision We’re committed to empowering every Indian by unlocking the flow of money and providing equal access to easy & secure payments and financial services.
“ United States Retail Giant Walmart Plans India e-Commerce Flipkart & Digital Payment Company PhonePe IPOs, Relocates Flipkart Holding Company from Singapore to India, Flipkart Founded in 2007 by Sachin Bansal & Binny Bansal, Setup Holding Company in Singapore in 2011, Walmart Bought Controlling Shares in Flipkart in 2018 & Separated PhonePe from Flipkart in 2022 “
United States Retail Giant Walmart Plans India e-Commerce Flipkart & Digital Payment Company PhonePe IPOs, Relocates Flipkart Holding Company from Singapore to India, Flipkart Founded in 2007 by Sachin Bansal & Binny Bansal, Setup Holding Company in Singapore in 2011, Walmart Bought Controlling Shares in Flipkart in 2018 & Separated PhonePe from Flipkart in 2022
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