Indian commerce website, Flipkart, was established in 2007 by Sachin Bansal and Binny Bansal together with an investment of US$ 12.3 million from Accel Partners and Singapore’s sovereign wealth fund GIC.
The Indian start-up received US$ 20 billion during the Investment round in 2017 led by Walmart Inc. (now making it the company the world's fourth-largest retailer) surpassing other famous e-commerce giants such as Amazon, Alibaba Group, and JD.com to take the second place in China's largest market behind Alibaba Group Holdings Ltd.
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