Shoreline International Holdings receives approval for acquiring stake in Flipkart
Acquiring Company
Shoreline International Holdings
Acquired Company
Flipkart
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.
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Who to call at Shoreline International Holdings, and when
When Shoreline International Holdings changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Shoreline International Holdings raises, hires an executive or expands, scored against what you sell
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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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