What is flipkart

No longer considered a fad but rather a common activity among consumers of all ages, internet shopping through eCommerce websiteshas become more common. The term Flipkartshould be mentioned right at the beginning whenever we have a conversation about the e-commerce business in India since it is by far the most popular website in that sector. In 2007, Sachin Bansaland Binny Bansalestablished Flipkart, which has since become the most successful online marketplace in India. When it emerged as the leader during the holiday shopping period, Flipkart Group'smarket share was last recorded by RedSeerat a staggering 62 percent. This was when it had the largest part of the market. This Indian online retail company has been credited for starting a revolution in the e-commerce sector in India. The history of Flipkart's meteoric rise to prominence is detailed here, along with more information on the company's founders, subsidiaries, parent organization, slogan, and other aspects. Flipkart's corporate headquartersis in Bengaluru, India. Sachin Bansal and Binny Bansal, are both graduates of the Indian Institute of Technology in Delhi and were formerly employed by Amazon. He established Flipkart in October of 2007. Flipkart belongs to the service sector; eCommerce. Flipkart was funded at INR 400,000at the beginning, which is equivalent to USD 5,200. Later on, it was able to get money from venture capital companies such as Accel India (which provided it with funding of US$1 million in 2009...

Every Indian citizen is aware of the e-commerce site called Flipkart. It is a company that has grown rapidly over time, worked its way to the top, and got attention from big names like Walmart which acquired the company for a whopping 16 billion dollars in 2018. Currently, in India Flipkart is the second largest e-commerce platform which has reported a revenue amounting to approximately 433 Billion Indian rupees in the financial year 2021. Flipkart was first idealized by Sachin and Binny Bansal in 2007 while working at Amazon. The Bansal duos, who are often mistakenly thought of as brothers, were able to successfully design a Initially, they invested a total of $5,600 towards developing an ideal online book store. 2 years after their initial launch, Flipkart gained enough potential to raise $1 Million from Accel India. They later formed alliances with Tiger Global, raising a total of $10 Million in 2010 and $20 Million in 2011. Flipkart- An Overview Flipkart works as a marketplace that connects all interested sellers to their potential customers and assists them in making the sale. Flipkart follows a clear Business-to-Consumer model or more commonly known as a B2C model. With over 80 categories, Flipkart has sellers for all items, ranging from groceries, toiletries, clothes, books, shoes, furniture, electronics, etc. Flipkart's Big Billion Day Sale is like a festival in the country. It is usually during the festival season, where we get the best deals and discounts on vari...

Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Flipkart. Don’t you think online buying and selling have become an essential part of our lives? It was youth and adults who initially relied on the internet to buy products at affordable prices with amazing return policies and guarantees, it was a trend back then. Nowadays, eCommerce websites have made online shopping a common practice for people of all ages. Flipkart is India's most popular eCommerce website, known for its Flipkart is the leading Indian eCommerce website founded by Sachin Bansal and Binny Bansal in 2007. The company is headquartered in Bengaluru, India. This Indian eCommerce store has brought a revolution in the Indian e-retail industry. Let's now delve into the success story of Flipkart and learn about its founders, subsidiaries, parent organization, tagline, and more. Flipkart - About Startup Name Flipkart Headquarter Sector Founders Sachin Bansal, Binny Bansal Founded 2007 CEO Kalyan Krishnamurthy Total Funding $12.6+ billion (January 2022) Revenue $5.83+ billion Valuation $37.6+ billion Area Served India Parent Organization Walmart Website flipkart.com Flipkart, an Indian eCommerce company founded in 2007 by Sachin Bansal and Binny Bansal, has become a household name. Based in Bengaluru, India, Flipkart has been selling a vast range of products online, similar to Amazon. Its Along with ...

NEW YORK : Walmart's Flipkart marketplace and PhonePe payments business in India could be $100 billion businesses buoyed by strong growth, the retailer's chief financial officer said on Wednesday at an investor conference. Walmart does not break out sales of Flipkart and PhonePe but over the past few months, executives have singled out the two businesses as key drivers in meeting its target of doubling the gross merchandise volume it sells in foreign markets to $200 billion in five years. Walmart's international chief has previously called India's 1.4 billion population a "significant" opportunity for the retailer. In its most recent quarter ended April 30, Walmart said its Flipkart business generated double-digit sales growth, boosted by new shoppers in some cities and a 50 per cent jump in ad sales. Flipkart was valued at more than $40 billion in 2022 and counts itself among India's most valuable startups. Walmart also called PhonePe's performance "really impressive" after it hit an annualized payment value of $1 trillion led by the Unified Payments Interface, a highly popular method in India to make instant real-time payments. PhonePe controlled 46 per cent share of the payments market in December, according to National Payments Corporation of India, and has 400 million registered users. In March, Walmart gave that business a boost by pouring an additional $200 million at a pre-money valuation of $12 billion, cementing its position as India's most valuable payments star...

Restart quiz Two popular and preferred online retail companies are Amazon and Flipkart. Although both these companies offer similar products and services, there are a few criteria under which they can be differentiated. Key Takeaways • Amazon is a global e-commerce platform headquartered in the United States, serving customers worldwide; Flipkart is an Indian e-commerce company catering primarily to customers in India. • Amazon offers a broader range of products and services, including web services, entertainment, and devices; Flipkart focuses mainly on e-commerce, with a smaller range of additional assistance. • Amazon operates with a vast international logistics network; Flipkart’s logistics network is primarily concentrated within India. Summary • Key Takeaways • Amazon vs. Flipkart • Comparison Table • What is Amazon? • What is Flipkart? • Main Differences Between Amazon and Flipkart • Related Articles Amazon vs. Flipkart Amazon is a global cyber business which offers convenience to global customers for online purchase and selling of products while sitting at home. Flipkart is an Indian universal cyber business platform which provides convenience of shopping and selling products for luxury to basic items Want to save this article for later? Click the heart in the bottom right corner to save to your own articles box! Amazon is a multinational technology company Jeff Bezos established in 1994 in Seattle, Flipkart is a Singaporean e-commerce company established by Sachin ...