Binley and Sachin Bansal, who made internships from Amazon, made Flipkart company, 5 specials

Walmart Flipkart deal: There was a time when Binny and Sachin were interns in the Amazon company and from that point they thought of making a separate company Flipkart.

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New Delhi: Wal-Mart, the world's largest retailing company, has bought 77 percent stake in Indian e-commerce company Flipkart for $ 16 billion (about Rs 1,07,662 crore). Flipkart was started in 2007 by Sachin Bansal and Binny Bansal in a small house in Bangalore and made it the country's largest online retail company. 5 Special Considerations-

1. India will benefit from a deal between Walmart and Flipkart. Customers will now get more products at cheaper prices. Jobs will be found Opportunities will be created for small suppliers, farmers and women entrepreneurs. Flipkart co-founder Bini Bansal said, "Wal-Mart is an ideal partner for the next phase of our journey and we will work together in retail and e-commerce."

2. Flipkart founder Sachin Bansal is getting out of the company by selling his 5.5 percent of the company. Sachin wrote in a post on Facebook, "It is sad that my work is completed here. The time has come to hand over command and leave Flipkart after 10 years. "Binny Bansal will be staying in the company for the time being. There was a time when Binny and Sachin were interns in the Amazon company and from this they thought of creating a separate company.

3. Deal of both companies will have a profound impact on the companies of e-commerce present in the Indian market. Small companies fear that Wal-Mart will be dominated by the market and it is not easy to challenge. In fact, look at Walmart's history in the US, he badly affected small businesses.

Owner of Flipkart, the world's largest retail company Walmart, know its specialty

4. Flipkart currently holds 40 percent e-commerce market in India. Flipkart has stepped up rapidly in the field of fashion, electronic, mobile etc. Amazon has been offering quite a challenge to the company. Now more competition will increase in Amazon and Flipkart. Those who are interested in shopping online can benefit from this. Consumers can get products at cheap prices.

5. American company Walmart is expanding its business in India and has opened its 21 wholesale stores in 19 cities of nine states. According to Walmart India Chief Corporate Affairs Officer Rajnish Kumar, the company has given employment to more than 40,000 people in the country.