Transaction: Flipkart

Flipkart

Flipkart is a website where you can buy things in India. They sell things like phones, clothes, and home items. It started in 2007 and is one of India’s biggest online shopping sites. In 2018, Flipkart was acquired by Walmart, the world’s largest retailer, in a deal valued at approximately $16 billion. This made Flipkart one of India’s most valuable startups and solidified its position as a leading player in India’s rapidly growing e-commerce market.

They make money in a few ways:

  1. When you buy something on their site, they get a small part of the money.
  2. Companies can pay them to show their ads on the site.
  3. They have a membership service called “Flipkart Plus” where you pay a fee for extra benefits like fast and free delivery and early access to sales.
  4. They have a digital wallet called “Flipkart PayLater” where you can store money for future purchases. They make money from fees and interest charged when people don’t pay back on time.
  5. They also have their own delivery service, which helps get the items to you. They make money from shipping fees.