Flipkart is an Electronics Commerce company Headquartered in Bengaluru, India. It was founded on October 2007 by Sachin Bansal and Binny Binsal. Sachin and Binny both are the Alumini of Indian Institute of Technology Delhi(IIT Delhi). The first product sold by Flipkart was the book “Leaving Microsoft To Change The World”, bought by VVK Chandra from Andhra Pradesh(A.P)
Sachin and Binny both grew up in Chandigarh. Sachin and Binny worked for Amazon.com, and left Amazon to create their own company flipkart Internet Pvt. Ltd. in October 2007. Flipkart Started by selling books online,It soon expanded and began offering a wide variety of goods. In 2010 Flipkart acquire WeRead(A Social Book Discovery Tool), In November 2011 Flipkart acquire the websites Mime360.com and Chakpak.com.
The first product sold by Flipkart was the book “Leaving Microsoft To Change The World”, bought by VVK Chandra from Andhra Pradesh(A.P). In 2014 Flipkart received $210 million from DST Global.
Flipkart was the first company in India to implement “Cash On Delivery” facility, which every online commerce company used today. When Flipkart was launched e-commerce companies faced so many problems, Payment Gateway is one of them, that time integration of Payment Gateway was not easy, so flipkart tackled this problem by introducing “Cash On Delivery” facility. the second problem is the supply chain problem, Delivering goods on time determines the success of an every e-commerce company. Flipkart addressed this issue by launching it’s own supply chain management system “e-Kart”.
Flipkart acquire few company named Myntra, letsbuy, mime360 to make better presence in market. Flipkart has launched its own product range under the name “DigiFlip” with products including tablets, USB flash drives, and laptop bags.
With the entry of Amazon in india, the competition between the e-commerce companies has seen many takeover.
- Flipkart Founded in 2007.
- Founders of Flipkart is Sachin and Binny Bansal.
- Flipkart CEO: Binny Bansal (Group CEO), Kalyan Krishnamurthy (CEO),
- Flipkart Employees: over 30,000,
- Flipkart Subsidiaries: Myntra, Jabong, PhonePe, ebay.in(India), e-Kart.
- Flipkart Website: www.flipkart.com.
Team Learn Dunia