American retailer Wal-Mart today announced the acquisition of Flipkart's 77 percent stake in nearly $ 16 billion (one lakh five thousand 360 crore). This is Wal-Mart's largest acquisition so far.
In the deal, the total value of Flipkart, the 11-year old has been valued at $ 20.8 billion. Walmart said in a statement that he would buy a 77 percent stake in Flipkart.
Flipkart co-founder Sachin Bansal has announced to resign from the company after the deal. Sachin established it in 2007 together with Binny Bansal. Sachin and Binny first worked in Amazon.com Inc. They started the company by selling books.
Flipkart is giving mega cell in 1 rupee laptop, then 100 percent cashback
New Delhi: Flipkart is going to bring mega sales this month as 'shopping days'. While announcing its sale, the company has stated that in this 4-day running sale till May 13-16, customers can buy anything, which will give them a chance to win 100% cashback with huge discounts. After this announcement, Amazon and Flipkart can once again see war in order to woo customers.
The news is that American company Amazon will also rain the offers during this time. Amazon India Vice President Manish Tewari told that this summer company has prepared a series of small but exciting cell instead of a large cell event.
80 percent off
Flipkart's Big Shopping Dat Sale will offer up to 80 percent discount on laptops, camera banks, tablets and other electronics gauges. Available on TV and other appliances with up to 70 percent discount. Not only this, many companies' smartphones will also be available at a lower cost. Some selected mobile will be sold in the flash cell. Customers will also be given special offers on purchasing smartphones in cell. On the other hand, Flipkart's Big Shopping Day cell's special thing is that this game corner will also be kept in it, in which you can get a chance to buy mobile by playing games. Chance to win 100% cashback
Chance to win 100% cashback
In the Games Corner, users will get a chance to buy laptops, mobile and other top rated products at Rs. Apart from this, buyers will also get a chance to win 100% cashback during the sale. During the SAIL, buyers will also get the option of no cost emi on debit and credit card.
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