Flipkart purchased Myntra in 2014.
Flipkart purchased Jabong via Myntra in 2016.
Walmart purchase Flipkart in 2018.
Flipkart killed Jabong in 2020.
Is it fair to purchase a company just to kill it?
_S
Phonepe was acquired by Flipkart in 2016.
Later
In Dec 2022, PhonePe separated from Flipkart, but both companies are still owned by Walmart.
So, why need another UPI app?
A few days ago, Flipkart introduced its new UPI service, Supermoney.
โฎ๏ธThe interesting part: Let's go back a few years -
Dec, 2015: 3 former Flipkart exec's start PhonePe.
Apr, 2016: Flipkart acquires PhonePe for $20 M.
Aug, 2018: Walmart acquires
Top 5 failures in the History of the Indian Startup Ecosystem!
What do you think about these startups?
1. Paytm: A Data Leak & An Alleged Extortion Case
2. Walmart-Flipkart Deal Violates Competition Act & FDI Norms Acquisition
3. Amit Bhardwaj: The
See More
6 replies9 likes
Arcane
โโโโโย โขย 7m
Can Tiny Walmart survive against the big guys? ๐ค
This was the headline in a newspaper in July, 1962.
But now, who's the big guy? ๐ช
(P.S: What do you think made Walmart what it is today?)