Definition of flipkart is online shopping site for mobiles, electronics, furniture and grocery.
The company is based in India.The company was founded in 2007, initially focused on book sales, but later expanded into other product categories such as consumer electronics, fashion, and lifestyle products.The service competes with both Amazon's Indian subsidiary and the domestic rival.India's e-commerce industry has a market share of 39.5%.A position that was strengthened by its acquisitions of Myntra and Jabong.com, and was described as being "neck and neck" with Amazon in the sale of electronics and mobile phones, was that of Flipkart.PhonePe is a mobile payments service based on the Unified Payments Interface.Walmart acquired a controlling stake in Flipkart for US$16 billion in August of last year.
One of the fastest-growing and most attractive retail markets in the world is India.
In terms of product offerings, affordability and consumer confidence, both Amazon and Flipkart are neck-to- neck in the e- commerce wars.
Consumers in India are comfortable doing transactions on the internet if the business is large and growing.
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