What is WS Retailer in Flipkart?
Flipkart founders Sachin Bansal and Binny Bansal founded WS Retails and later sold it to investors. Earlier, WS Retail was Flipkart’s in-house vendor and used to generate a bulk of its revenue before Flipkart turned into a marketplace.
Who is Flipkart retailer?
In August 2018, U.S.-based retail chain Walmart acquired a 77% controlling stake in Flipkart for US$16 billion, valuing Flipkart at around $20 billion.
What is the meaning of WS Retail?
WS Retail was born when Flipkart switched from being an online retailer to a marketplace that could accept foreign investments under Indian laws, with the former taking over the retail duties.
Is RetailNet and WS retail same?
So they just created two companies ReatilNet ( Previously knows as WS Retail) representing Flipkart and CloudTail, representing Amazon. Purchasing any produc… RetailNet is the biggest fraud seller.
What happened to WS retail?
WS Retail stops selling on Flipkart. One of the largest sellers on Flipkart, WS Retail, has stopped selling its products on the e-commerce major’s online platform. This comes after government regulations barred sellers on online marketplaces from contributing over 25% of sales by volume.
Who is SuperComNet?
SuperComNet, owned by Shreyash Retail has been selling smartphones including exclusives from Motorola, Apple, Xiaomi, while OmniTech Retail owned by Consulting Rooms has sold large appliances like televisions and washing machines on the portal.
Does Flipkart has its own seller?
“Flipkart is a fully compliant marketplace and we do not have platform-owned sellers,” a company spokesperson said in a mailed response to FactorDaily’s questions.
What does Cloudtail India sell?
About Cloudtail Cloudtail India Private Limited is an online retailer which sells variety of goods to customers in India. Cloudtail offers over 30 lakh products across multiple categories like Books, Media, Apparel, Shoes, Furniture, Appliances, Consumables, etc.
Is SuperComNet and Retailnet same?
SuperComNet, which is owned by Shreyash Retail has been selling smartphones on Flipkart, including exclusives from Motorola, Apple, Xiaomi. While, RetailNet is a seller of women and girls ethnic wear.
Does Flipkart deliver fake products?
In reality, it has never been Flipkart that was selling fake products, it has always been the sellers who have registered themselves on this platform to sell their products. Flipkart is just a medium that is delivering you the product.
Where is SuperComNet?
Super Com Net is a Word Trademark filed on 11 July 2016 in Delhi through Delhi IP Office.