Flipkart was started in 2007 by Sachin Bansal and Binny Bansal. The company initially started as an online bookstore, before expanding into other product categories such as consumer electronics, fashion, and lifestyle products.
And Today, Flipkart has become India's leading e-commerce marketplace with over 80 million products across 80+ categories. In May 2018, U.S.-based retail chain Walmart announced its intent to acquire a 77% controlling stake in Flipkart for $16 billion USD, subject to regulatory approval. Completion of the deal was announced on August 18, 2018.