Flipkart is an Indian e-commerce company with headquarters in Bangalore, Karnataka, India. Although the company is headquartered in India, its subsidiary companies are located around the world. The group is incorporated in Singapore as a private limited company. In addition, some of the subsidiaries are located outside of India. For instance, the Bangalore-based entity also owns a business in the Netherlands. However, all of the other entities are based in the United States and Canada.
The company has a total of nine subsidiaries in India. One is Flipkart India, which owns and operates a network of more than three hundred service centers. The company has invested heavily in strategic warehouse infrastructure and recently announced a partnership with fashion e-commerce company Myntra to sell refurbished goods. Both companies will focus on selling high-end fashion items at the lowest prices possible. Both have a variety of products in different price ranges, including some that can be purchased at a lower price.
Flipkart India is the largest online retailer in the country, with a 38.3% market share. The company has added subsidiaries like Myntra and Jabong to increase its reach and profits. While these two companies are separate from Flipkart, they are still competing with each other. The new company, Amazon, will be one of the most important players in the Indian retail industry. A large percentage of consumers turn to Amazon for their daily needs.
In the US, Walmart is the second largest online retailer in the world. In India, it is the second largest. With nearly a billion users, Walmart dominates the online retail sector. This company has been the world’s leading player in online fashion since its inception. With its subsidiary Myntra, the company is expanding its market share and improving its bottom line. Among its subsidiaries are DSYN, Myntra, and PhonePe.
While Amazon has over 14,000 employees and is headquartered in Bengaluru, India, Flipkart is headquartered in Bengaluru, Karnataka, India. Its subsidiary Ekart, which specializes in logistics and supply chain, is a part of the company. It is also the majority-owner of payments app PhonePe. Further, it is the third largest online retailer in the world, according to Investopedia.
In addition to selling books, Flipkart has diversified into major electronics. Its official website offers easy access to all of the company’s products. Its most recent acquisition, Upstream Commerce, was announced on Sep 9, 2018. The two companies have a long history of successful collaborations and are currently working on the next phase of their strategy. Aside from Upstream Commerce, Flipkart has several subsidiaries in India and the US.
Final Touch
WS Retail has been the main competitor of Flipkart in the online retail space. It has acquired several companies from Amazon in 2012 and now controls 75% of the company’s business. The two companies share an office in Bangalore, though their workspaces are separate. WS and Flipkart have separate subsidiaries, which also have a warehouse in Bengaluru. This is the case with both companies’ e-commerce businesses.
