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Flipkart is an Indian e-commerce company headquartered in BangaloreKarnatakaIndia and registered in Singapore. The service competes primarily with Amazon 's Indian subsidiary, and domestic rival, Snapdeal.
In AugustU. Following its launch, Flipkart slowly grew in prominence; byit was receiving orders per day. InFlipkart acquired digital distribution businesses including Mime Because of competition from free streaming sites, the site was unsuccessful and shut down in June Flipkart stated that it would use its technology to enhance its mobile services. In AprileBay announced that it would sell its Indian subsidiary eBay. While eBay suggested that the partnership would eventually allow Flipkart to access eBay's network of international vendors, and vice versa, but these plans never actually came to fruition.
High demand for the phone caused the Flipkart website to crash following its midnight launch on 14 May.
On 6 Octoberin honour of the company's anniversary and the Diwali season,  Flipkart held a major sale across the service that it promoted as "Big Billion Day". The event received criticism via social media over technical issues the site experienced during the event, as well as stock shortages.
In MarchFlipkart blocked access to its website on mobile devices and began requiring that users download the site's mobile app instead. The following month, Myntra went further and discontinued its website on all platforms, in favour of operating exclusively through its app. The experiment with Myntra led to suggestions that Flipkart itself would perform a similar move, but this did not source. In NovemberFlipkart launched a new mobile website branded as "Flipkart Lite", which provides an experience inspired by Flipkart's app that runs within smartphone web browsers. In OctoberFlipkart reprised its Big Billion Day event, except as a multi-day event that would be exclusive to the Flipkart app.
Flipkart also stated that it had bolstered Management and Leadership the Wal Mart Way supply chain this web page introduced more fulfillment centres in order to meet customer demand.
In a filing with the U. Securities and Exchange Commission on 11 MayWalmart stated that a condition of the deal prescribed the possibility that Flipkart's current minority shareholders "may require Flipkart Management and Leadership the Wal Mart Way effect an initial public offering following the fourth anniversary of the closing of the transactions at a valuation no less than that paid by Walmart". The company stated that "there is the huge growth potential for e-commerce in India and significant opportunity for multiple players to succeed in India's diverse, domestic market. The acquisition was completed on 18 August Walmart stated that "while the investigation did not find evidence to corroborate the complainant's assertions against Binny, it did reveal other lapses in judgment, particularly a lack of transparency, related to how Binny responded to the situation.
According to Leadwrship report in NovemberFlipkart was operating through th Management and Leadership the Wal Mart Way business structure which included nine firms, some registered in Singapore and some in India. The transaction was done in two tranches according to the regulatory filings.
In Novemberthe Enforcement Directorate began investigating Flipkart for alleged violations of foreign direct investment regulations of the Foreign Exchange Management Act, Documents and computer hard drives were seized by the regulatory agency. In Januarypublic interest litigation came up for hearing which accused Flipkart of contravention of foreign investment norms. The court asked the Reserve Bank of India to provide the latest circular on foreign investment policy. Flipkart maintains several house brandsincluding Citron home appliances and Digiflip formerly for electronics and accessories. InFlipkart began selling Nokia -branded televisions. Flipkart has launched in app streaming named Flipkart Video as part of a new direction they want to move and to match its competitors like Amazon who are offering premium video options in August To strengthen its content offering in Flipkart VideoFlipkart forayed into original content offering which was named Flipkart Video Originals.]