Flipkart is India's largest e-commerce marketplace founded in 2007 and headquartered in Bangalore. It has a valuation of $37.6 billion, 250 million registered users, and 3.75 lakh sellers. In 2012, Flipkart shifted to a marketplace model. It is now owned by Walmart and has a market share of 31.9%, making it the largest online retailer in India. Flipkart faces competition from Amazon but has been successful through strategic marketing and partnerships.