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Shoreline International Holdings receives approval for acquiring stake in Flipkart

PRIVATENov 26, 2024

Acquiring Company

Shoreline International Holdings

Acquired Company

Flipkart

AssamBengaluruCommerce and ShoppingSoftwareE CommerceFashionRetail

Description

Alphabet's subsidiary, Shoreline International Holdings, has received approval from CCI for the acquisition of a stake in Flipkart, one of the leading e-commerce companies.

Quick answer

Shoreline International Holdings is acquiring Flipkart, announced November 26, 2024. Shoreline International Holdings is based in Assam, India.

How much did Shoreline International Holdings pay for Flipkart?
The deal value was not disclosed.
Where are Shoreline International Holdings and Flipkart based?
Shoreline International Holdings is based in Assam, India. Flipkart is based in Bengaluru, Karnataka, India.

Source: Fundz verified event record.

Other recent acquisitions in Commerce and Shopping and E Commerce

Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.

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Company Information

Company

Shoreline International Holdings

Location

Assam, India

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Frequently asked

Who acquired Flipkart?

Flipkart was acquired by Shoreline International Holdings, based in Assam. The deal was reported on November 26, 2024. Shoreline International Holdings is privately held.

When did Shoreline International Holdings acquire Flipkart?

Shoreline International Holdings's acquisition of Flipkart was reported on November 26, 2024. Alphabet's subsidiary, Shoreline International Holdings, has received approval from CCI for the acquisition of a stake in Flipkart, one of the leading e-commerce companies. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Flipkart do?

At the time, Flipkart was valued at just under $25 billion, over 13% higher compared to $22 billion that it commanded three years ago. It is privately held, operating in Commerce and Shopping, and is based in Bengaluru.

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