Flipkart back to the company for approximately US$1.1 billion, and re-launch its own Indian operations. The company stated that "there is huge growth potential for e-commerce in India and significant opportunity for multiple players to succeed in India's diverse, domestic market." Softbank Group also sold its entire 20% stake to Walmart, without disclosing terms of the sale. The acquisition was completed on 18 August 2018. Walmart also provided US$2 billion in equity funding to the company. On 13 November 2018, Flipkart CEO Binny Bansal resigned, after facing an allegation of "serious personal misconduct". Walmart stated that "while the investigation did not
Then and Now (retailer) Then and Now (retailer) Then and Now (also Then and Now Shop) is a London-based Internet retailer that sells past season designer clothes and accessories at substantial discounts, as well as current-season items from designer names. Then and Now was established in Farringdon in December 2011 by Lian Michelson, a former Morgan Stanley trader. It works direct with suppliers to offer sales direct from the site and also includes links to affiliates, for which it receives a commission on subsequent purchases. The original inspiration for the site came about when Michelson noticed an absence of discounted menswear online, although the