Home > Topics > Flipkart

Flipkart

Flipkart Online Services Pvt. Ltd. also known as Flipkart.com is an Indian based online retailer company founded in 2007 by Sachin Bansal and Binny Bansal. The company is registered in Singapore but has its headquarters in Bangalore, Karnataka. It has a wide range of products from electronic items to accessories, home appliances to books and toys. Flipkart also has its own product range of products and has launched it under the name DigiFlip and it includes products like tablets, USBs and laptop bags. The company was founded in October 2007 by Sachin Bansal and Binny Bansal, both worked for amazon.com but later they left their job to create their new company. Both the founders are the alumni of Indian Institute of Technology, Delhi and the first product sold by the company was a book called Leaving Microsoft to Change the World and they sold this book to a customer in Hyderabad. Initially, they spent 4 Lakh rupees for making the website to set up the business. Flipkart was the first company in India to allow Cash on Delivery option as the Indian customers had less trust on e-commerce website. Currently, Flipkart allows payment methods such as cash on delivery, credit card or debit card transactions, net banking and e-gift voucher. Flipkart reported the sales worth Rs 40 million in the financial year of 2008-09. Flipkart later raised funding from venture capital funds Accel India worth 1 million dollars in 2009 and then raised 10 million dollars in 2010 and 20 million dollars in 2011 from Tiger Global. Flipkart announced its fourth round of funding worth 150 million dollars from MIH and ICONIQ Capital. In July 2013, the company raised additional 200 million dollars from its existing investors Tiger Global, Naspers, Accel Partners and Iconiq Capital. Flipkart is reported to sell at least 10 products per minute and after reporting the sales worth Rs 40 million in 2008-09, Flipkart reported 200 million rupees in 2009-10 and 750 million rupees in 2010-2011. In November 2012, Flipkart was one of the companies that was being probed for alleged violation of FDI regulations of the Foreign Exchange Management Act 1999. After the allegations, Flipkart reported a loss of US$ 42 million in the financial year 2012-13. In July 2013, Flipkart raised $160 million from private equity investors. Flipkarts last fundraising round in May 2015 pegged its valuation around $15 billion. By August 2015 Flipkart had already raised a total of $ 3 billion over 12 rounds and 16 investors. However, in May 2016, Morgan Stanley lowered Flipkarts valuation to $9.39 billion. Flipkart being one of the biggest ecommerce players in the country moved a step ahead and made an exclusive tie up with Motorola and launched its budget smartphone Moto G on 5th February 2014 and sold more than 20,000 units within hours of the launch. Flipkart then made a long term tie up with Motorola Mobility and launched Moto X and later Moto E in May 2014. Flipkart also made a deal with Xiaomi and sold the high end smartphone Xiaomi Mi3 exclusively. The first batch was sold within 39 minutes and the second batch was sold within 5 seconds. Later, more than 150,000 buyers booked for the next sale of the smartphone. Flipkart also launched its in-house home appliance and personal healthcare brand Citron in September 2014 and the label includes a wide range of cooking utilities as well as grooming products. Flipkart was criticized for its failure of the 2014 Big Billion Sale. However in the second edition of the Big Billion Sale it reported that they saw a business turnover worth $300 million in gross merchandise volume. Flipkart received criticism again in 2014 after a Flipkart delivery boy molested a house maid in Hyderabad. Flipkart was again criticized on the issue of net neutrality after they announced their partnership with Airtel to use Airtel Zero platform which would have made Flipkart app free for Airtel users. After receiving such criticism, Flipkart retracted its decision to use Airtel Zero platform. Flipkart acquired companies like Myntra.com, Letsbuy.com etc to better their presence in the market as well as to survive in the heavy competition of e-commerce. Flipkart recently purchased jabong.com, a popular fashion store. Flipkart also had won many awards and recognition. In 2012, Flipkart was awarded Young Turk of the Year at the CNBC TV 18s India Business Leader Awards 2012. Flipkart.com also was nominated for IndiaMART Leaders of Tomorrow Awards of 2011. Co-founder of the company Sachin Bansal received the Entrepreneur of the year Award of 2012-13 from Economic Times leading Indian Economy Daily. Sachin Banal and Binny Bansal also entered the Forbes India Rich List and were placed at the 86th position with a net worth pf $1.3 billion each in September 2015. In April 2016, Sachin Bansal and Binny Bansal were also included in 100 most influential people by TIME.

Flipkart Big Diwali Sale 2021 : Get Best Deals And Offers On Smartphones And Laptops, Watch Video
Video Desk | October 19, 2021 12:13 PM IST
The E-commerce giant is back with another sale i.e. Big Diwali Sale which started on 17th of
Flipkart Big Diwali Sale 2021 : Get Best Deals And Offers On Smartphones And Laptops, Watch Video
indiacom
2021-10-19T01:13:22+00:00
2021-10-19T01:13:22+00:00
Flipkart
India.com
Flipkart Sale: Top Offers, Discounts on Mobile, TV, Other Household Items
India.com Business Desk | October 18, 2021 11:03 AM IST
Flipkart Sale, Offers Today: Flipkart offering Samsung F12 smartphone from Rs 9,499 and moto G60 at
Flipkart Sale: Top Offers, Discounts on Mobile, TV, Other Household Items
indiacom
2021-10-18T00:03:14+00:00
2021-10-18T00:03:14+00:00
Flipkart
India.com
Motorola's Budget Smartphone Moto E40 Now Available on Flipkart's Big Diwali Sale; Check Prices, Offers and Specifications
India.com News Desk | October 17, 2021 1:48 PM IST
The Moto E40 device comes in Carboy Gray and Pink Clay colors and its main highlights are a 90Hz
Motorola's Budget Smartphone Moto E40 Now Available on Flipkart's Big Diwali Sale; Check Prices, Offers and S
indiacom
2021-10-17T02:48:54+00:00
2021-10-17T02:48:54+00:00
Flipkart
India.com
Flipkart Big Diwali Sale 2021 Starts October 17: Get Upto 80% Discount On Mobiles, Laptops | Check Bank Offers, Deals
India.com News Desk | October 14, 2021 11:12 AM IST
Brace yourself for unbelievable offers like upto 80% off on multiple products. Mobiles, Laptops,
Flipkart Big Diwali Sale 2021 Starts October 17: Get Upto 80% Discount On Mobiles, Laptops | Check Bank Offer
indiacom
2021-10-14T00:12:14+00:00
2021-10-14T00:13:02+00:00
Flipkart
India.com
Hurun India Rich List 2021: Meet These 10 Young And Self-Made Entrepreneurs Under 40
India.com News Desk | October 13, 2021 5:38 PM IST
The IIFL Wealth and Hurun India on Wednesday released the IIFL Wealth Hurun India 40 & Under
Hurun India Rich List 2021: Meet These 10 Young And Self-Made Entrepreneurs Under 40
indiacom
2021-10-13T06:38:59+00:00
2021-10-13T14:38:31+00:00
Flipkart
India.com
Video: Man Orders Apple iPhone 12 Worth Rs 53000 From Flipkart, Receives Nirma Soap Instead | Watch
Trending Desk | October 11, 2021 11:54 AM IST
Simranpal Singh said he allegedly received 2 bars of Nirma soap instead of the iPhone he had
Video: Man Orders Apple iPhone 12 Worth Rs 53000 From Flipkart, Receives Nirma Soap Instead | Watch
indiacom
2021-10-11T00:54:33+00:00
2021-10-11T01:01:08+00:00
Flipkart
India.com
Flipkart Big Billion Days Sale 2021 : Get Hot Deals And Amazing Offers, Watch Video
Video Desk | October 6, 2021 4:00 PM IST
The sale offers massive discounts and exciting offers on mobiles, laptops, electronics, fashion and
Flipkart Big Billion Days Sale 2021 : Get Hot Deals And Amazing Offers, Watch Video
indiacom
2021-10-06T05:00:09+00:00
2021-10-06T05:00:09+00:00
Flipkart
India.com
Flipkart Big Billion Days 2021 Sale Begins For Plus Members: Get These 10 Best Deals on Smartphones
India.com News Desk | October 2, 2021 9:56 AM IST
Flipkart Big Billion Days sale 2021 will start at midnight for Plus members. The best smartphone
Flipkart Big Billion Days 2021 Sale Begins For Plus Members: Get These 10 Best Deals on Smartphones
indiacom
2021-10-01T22:56:21+00:00
2021-10-01T22:58:13+00:00
Flipkart
India.com
Flipkart Big Billion Days Sale 2021 To Start From October 7: Check Bank Offers, Deals, More Here
India.com News Desk | September 21, 2021 6:48 PM IST
The 6-day grant event will witness millions of consumers, sellers, small businesses and e-commerce
Flipkart Big Billion Days Sale 2021 To Start From October 7: Check Bank Offers, Deals, More Here
indiacom
2021-09-21T07:48:47+00:00
2021-09-21T07:48:47+00:00
Flipkart
India.com
Flipkart Smartphone Carnival – iPhone 12 at Rs 66,999, iPhone 12 Mini Available at Rs 59,999, iPhone XR at Rs 42,999
Staff | September 3, 2021 11:56 AM IST
Flipkart Smartphone Carnival discounts on smartphones from various companies, you will get many
Flipkart Smartphone Carnival – iPhone 12 at Rs 66,999, iPhone 12 Mini Available at Rs 59,999, iPhone XR at
indiacom
2021-09-03T00:56:11+00:00
2021-09-17T00:25:29+00:00
Flipkart
India.com
Realme 8i, Realme 8s 5G to Launch on 9 September in India: Check Expected Price, Full Specifications, Camera Features
Staff | September 6, 2021 11:06 AM IST
The company will organize a virtual launch event to launch the Realme 8i and Realme 8s 5G
Realme 8i, Realme 8s 5G to Launch on 9 September in India: Check Expected Price, Full Specifications, Camera
indiacom
2021-09-06T00:06:36+00:00
2021-09-17T00:23:58+00:00
Flipkart
India.com
Flipkart Big Billion Days Sale 2021: Date, Bank Offers, Smartphone Deals, More
Staff | September 13, 2021 2:18 PM IST
The teaser page for the sale has gone live on the website, but the company has not yet announced
Flipkart Big Billion Days Sale 2021: Date, Bank Offers, Smartphone Deals, More
indiacom
2021-09-13T03:18:33+00:00
2021-09-13T03:21:07+00:00
Flipkart
India.com
SBI Customer Alert: SBI Offers Special EMI Facility For Its Debit Card Users Without Extra Charge. Here’s How to Avail it | Follow Step-by-step Guide
India.com Business Desk | September 8, 2021 4:55 PM IST
SBI Customer Alert: The SBI said the new scheme also features zero documentation and gives instant
SBI Customer Alert: SBI Offers Special EMI Facility For Its Debit Card Users Without Extra Charge. Here’s H
indiacom
2021-09-08T05:55:52+00:00
2021-09-08T05:55:52+00:00
Flipkart
India.com
Flipkart Mobiles Bonanza Sale LIVE NOW: Deals, Discounts on iPhone 12 mini, Moto G60, and Many More
India.com News Desk | August 19, 2021 10:05 PM IST
The Flipkart sale also brings no-cost EMI options and exchange offers on some of the popular phones
Flipkart Mobiles Bonanza Sale LIVE NOW: Deals, Discounts on iPhone 12 mini, Moto G60, and Many More
indiacom
2021-08-19T11:05:53+00:00
2021-08-19T13:57:21+00:00
Flipkart
India.com
'Volunteer For Inquiry And Transparency', SC Upholds CCI Probe Against Flipkart & Amazon
India.com Business Desk | August 9, 2021 1:46 PM IST
A three-judge bench headed by Chief Justice N V Ramana said that challenging the enquiry is like
'Volunteer For Inquiry And Transparency', SC Upholds CCI Probe Against Flipkart & Amazon
indiacom
2021-08-09T02:46:54+00:00
2021-08-09T02:56:22+00:00
Flipkart
India.com
Flipkart Big Saving Days Sale Is Live: From Apple iPhone to Moto G, Here's List of Top 5 Smartphones Available on Sale
Video Desk | August 6, 2021 12:18 PM IST
Flipkart Sale: Here's a list of the best smartphone deals Flipkart Plus members can get during the
Flipkart Big Saving Days Sale Is Live: From Apple iPhone to Moto G, Here's List of Top 5 Smartphones Availabl
indiacom
2021-08-06T01:18:52+00:00
2021-08-06T01:18:52+00:00
Flipkart
India.com
ED Issues Rs 10,600-cr FEMA Contravention Notice Against Flipkart, Company Says, 'Will Cooperate With Authorities'
India.com Business Desk | August 5, 2021 12:31 PM IST
Walmart-owned Flipkart on Thursday said the company is in compliance with Indian laws, including
ED Issues Rs 10,600-cr FEMA Contravention Notice Against Flipkart, Company Says, 'Will Cooperate With Authori
indiacom
2021-08-05T01:31:50+00:00
2021-08-05T01:32:09+00:00
Flipkart
India.com
Flipkart Sale 2021 Last Day: Offers on iPhone 11 Pro, iPhone 11, iPhone 12 Mini, iPhone XR, Check Discounted Price
Staff | June 24, 2021 1:46 PM IST
Flipkart Mobiles Bonanza Sale 2021 Last Day: iPhone 11 Pro iPhone 11, iPhone 12 Mini, iPhone XR Get
Flipkart Sale 2021 Last Day: Offers on iPhone 11 Pro, iPhone 11, iPhone 12 Mini, iPhone XR, Check Discounted
indiacom
2021-06-24T02:46:38+00:00
2021-06-24T02:46:38+00:00
Flipkart
India.com
No More Flash Sales? Govt Proposes Stricter E-Commerce Rules. Details Inside
India.com Business Desk | June 21, 2021 11:19 PM IST
If the norms come into effect, every e-commerce firm will be needed to establish an adequate
No More Flash Sales? Govt Proposes Stricter E-Commerce Rules. Details Inside
indiacom
2021-06-21T12:19:59+00:00
2021-06-21T12:19:59+00:00
Flipkart
India.com
Flipkart Big Saving Days Sale To Begin on June 13, Check Exciting Deals To Watch Out For
India.com News Desk | June 9, 2021 4:19 PM IST
Flipkart will have discounts on affordable phones such as the Gionee Max Pro, Infinix Smart 5, and
Flipkart Big Saving Days Sale To Begin on June 13, Check Exciting Deals To Watch Out For
indiacom
2021-06-09T05:19:56+00:00
2021-06-09T06:44:08+00:00
Flipkart
India.com

Petrol	97.00	MORE
Diesel	88.06	MORE

CNG	24.65	MORE
LPG	694.00	MORE
Kerosene	83,874.40	MORE