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After moving to Bangalore, Sachin joined Amazon and recommended Binny, earning an employee recommendation bonus. He, however, had to soon return it as Binny left Amazon in just 8 months.

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In exchange of an equity stake in Flipkart, eBay had made a cash investment of USD 500 million and sold its eBay.In business to the Bengaluru-based e-commerce major.

eBay to sell Flipkart stake for about $1.1 bn; relaunch eBay India

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As per the proposed deal, Walmart is expected to acquire shares of the&nbsp;Singapore-registered Flipkart. In the normal case, capital gains will not arise. But India had introduced an amendment to nullify the Vodafone Judgment by taxing indirect transfers. On account of indirect transfer, this transaction could get taxed, because of the change in shareholding at the Singapore entity.

Awesome Flipkart-Walmart deal may get big slap in face in India 

"I believe it (the deal) will create a rumble in the industry. Whenever there is an M&amp;A, a little bit of shiver is felt, but that does not shake up sturdy businesses. I am a very strong believer of the fact that the Indian market is so large that nobody can say it will saturate," Anil Talreja said.

Flipkart-Walmart deal done; now, this big problem raises its head

Flipkart-Walmart deal: US firm's $16 billion majority stake acquisition in Flipkart is set to make shopping much more rewarding for the Indian online consumers. With Jeff Bezos promoted Amazon India challenging Flipkart’s leadership position, the latter is left with no option but to do everything under the sun and maintain/ grow its market share in the $17.8 billion Indian e-commerce industry.

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Walmart buys Flipkart: Great discounts coming for buyers soon

With Walmart acquiring Flipkart, the latter is now valued at over $20 billion and the two founders are multi-billionaires. When they started out, their parents gave them Rs 10,000 a month as allowance for almost 18 months. They had invested Rs 2 lakh each from their savings.&nbsp;It was in their two-bedroom flat in, Bengaluru that the duo, who share a common interest in computer science, built the first version of the site, with just two computers. People who know them say they have different temperaments.

Sachin Bansal, Binny Bansal success story; this is how it began

In the biggest deal in e-commerce space globally, retail giant Walmart picked up 77&nbsp;per cent stake in Flipkart on Wednesday. Walmart is paying $16 million in a combination of secondary ($14 billion) and primary ($2 billion) transactions. The deal is yet to get regulatory approvals in India.

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This is what world's biggest e-commerce deal is all about

The Swadeshi Jagran Manch, which is the economic wing of the Sangh, claimed that Walmart is using e-commerce route to circumvent existing rules which bar foreign companies in multi-brand retail and dubbed its acquisition of Flipkart a "back-door entry" into Indian market.

RSS wing: Walmart making back-door entry into India with Flipkart deal; calls on PM Modi to intervene

Both Sachin Bansal and Binny Bansal owned about 5 per cent of the company they co-founded. But post-sale Sachin Bansal will cut all links to the company, while Binny Bansal will not only be retained, he will also keep a part of his shareholding.

Sachin Bansal, Binny Bansal turn India's newest billionaires, but there is a big disappointment in store

The Flipkart sale will go until May 16, 2018. The e-commerce giant will offer huge discounts on smartphones, electronic gadgets and accessories, TV and appliances, clothing, footwear, home appliances and furniture. Flipkart will also give 10&nbsp; per cent &nbsp;discount on purchases done using HDFC Bank credit and debit card

Flipkart sale: Get discounts on mobiles, other items; check cashback offers

After Flipkart deal,&nbsp;Walmart, which failed to make an entry in India in offline retail space with any kind of success, can now sell its products online to 1.3 billion population of the country.

Walmart will bag these investors shares in Flipkart; set to hold 77% stake in e-commerce giant

For Amazon things are going to change now for the worse. It was facing stiff competition from Flipkart as it is and now, the Indian e-retailer will be backed by US retail giant Walmart.

Post Flipkart transaction, here is how Walmart may suffer; all details here 

Walmart has acquired 77% stake in Bengaluru-based online shopping portal Flipkart for a valuation of around $21 billion.

World’s largest e-commerce deal! Walmart buys Flipkart, here's what US retailer's vision in India is

Walmart-Flipkart deal&nbsp;becomes world’s largest e-commerce deal, and also biggest FDI deal in India.&nbsp;

Walmart buys Flipkart for $16 billion; This is what structure of deal looks like 

Walmart is all set to clinch a mammoth deal to buy a majority stake in Indian e-retailer Flipkart for anything between $10 bn to $15 bn.&nbsp;

Flipkart sale: From rivalry with Amazon to why deal matters to Walmart, a few facts on takeover

Walmart, which failed to make an entry in India in offline retail space, can now sell its products online to 1.3 billion population of the country.

In biggest ecommerce deal in the world, Walmart buys Flipkart for $16 bn

Earlier media reports said that Amazon.com Inc, Flipkart`s biggest rival in India, had made a formal offer to buy 60 percent of Flipkart, besides proposing a $2 billion breakup fee to convince the Indian e-commerce firm to discuss its offer.&nbsp;Sources told Reuters that Amazon had shown an interest in buying Flipkart, but said a deal with Walmart was much more likely to go through.&nbsp;

Walmart and Flipkart deal: Softbank CEO confirms the mega buyout   

&nbsp;Walmart will likely end up with 60-80 per cent of Flipkart. Walmart has valued Flipkart at about $20 billion, say reports.&nbsp; Flipkart was valued at about $12 billion last year, according to researcher CB Insights.

Flipkart-Walmart deal fallout: These stocks will gain, but others set to lose

flipkart

The remarks came after a social media post went viral, exposing how customers often end up paying more under labels such as “offer handling fee”, “payment handling fee” and “protect promise fee.”

‘Scrolling app fee next?’: Viral complaint on hidden charges triggers crackdown on e-commerce platforms

Flipkart Big Billion Days: The Flipkart Big Billion Days sale is just around the corner, as the e-commerce platform is all set to begin the sale on September 23. In this much-awaited sale, the company will offer great deals and discounts on a variety of products, especially smartphones. Check list:

Flipkart Big Billion Days Sale Starts From September 23: Early bird deals slash prices on iPhone 16 Pro, Pixel 9, & Galaxy S24 Ultra

Ahead of the forthcoming festive season, Flipkart is scaling employment opportunities, infrastructure, and tech deployments across 28 states with the creation of over 2.2 lakh additional seasonal job opportunities, expanded last-mile reach, and inclusive hiring across Tier 2 and 3 cities, the e-commerce giant said on Monday.

Flipkart to create over 2.2 lakh additional seasonal job opportunities this festive season

The Ministry of Consumer Affairs confirmed that representatives from all major online sectors — including food delivery, travel, electronics, cosmetics, clothing, pharmacy, and retail — will be attending. Prominent players in the market such as Amazon, Flipkart, Apple, Meesho, Meta, MakeMyTrip, Swiggy, Zomato, Ola, Uber, Paytm, Tata, WhatsApp, EaseMyTrip, and Reliance Retail are among the invited stakeholders.

Centre steps up fight against E-commerce dark patterns, holds high-level meet with Amazon, Flipkart, Meta & others

Zee Business Impact: Following the India-Pakistan conflict, the Central Consumer Protection Authority (CCPA) has issued notices to major e-commerce platforms, including Amazon India and Flipkart, regarding the sale of flags and merchandise featuring Pakistani symbols.

Zee Business Impact | CCPA issues notices to e-commerce platforms over sale of Pakistani flags, merchandise

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Here is what Binny Bansal has to say about Sachin Bansal’s exit from Flipkart

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