Flipkart is an Indian electronic commerce company founded in 2007 by Sachin Bansal and Binny Bansal. It began as an online bookstore and has expanded to offer a wide variety of products. In 2018, Walmart acquired a 77% stake in Flipkart for $16 billion. Flipkart uses a mixed business model, acting as both a marketplace with third-party sellers and as a transactional brokerage. It generates revenue through transaction fees, product listing ads, and an affiliate marketing program.