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Flipkart

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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.
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Flipkart Videos

  • Flipkart, Amazon lure online shoppers with exchange offers (Watch video)
    Flipkart, Amazon lure online shoppers with exchange offers (Watch video)
  • Flipkart salutes their employees in a heart touching video for making others' dreams come true
    Flipkart salutes their employees in a heart touching video for making others' dreams come true
  • Diwali 2015 Online Sale: How India reacts to e-commerce bonanza sales!
    Diwali 2015 Online Sale: How India reacts to e-commerce bonanza sales!
  • Flipkart shares pictures and video of awesome its new Bangalore office: Take a look!
    Flipkart shares pictures and video of awesome its new Bangalore office: Take a look!

Flipkart News

  • Vivo V15 Pro First Impressions: Style has a new name

    Vivo V15 Pro First Impressions: Style has a new name

    Rehan Hooda | February 20, 2019 3:14 PM IST

    Vivo has just launched the Vivo V15 Pro smartphone in the Indian market. The company has priced the ...

    Vivo V15 Pro First Impressions: Style has a new name
    indiacom
    2019-02-20T04:14:24+00:00
    2019-02-20T04:14:24+00:00
    Flipkart
    India.com
  • Vivo V15 Pro with pop-up front camera launched in India: Specifications, pricing, availability

    Vivo V15 Pro with pop-up front camera launched in India: Specifications, pricing, availability

    Staff | February 20, 2019 1:01 PM IST

    Vivo India has just launched its latest smartphone, the Vivo V15 Pro, in the Indian market. The comp...

    Vivo V15 Pro with pop-up front camera launched in India: Specifications, pricing, availability
    indiacom
    2019-02-20T02:01:29+00:00
    2019-02-20T02:01:29+00:00
    Flipkart
    India.com
  • Deals of the Day: Realme 2 Pro and Redmi Note 6 Pro at Rs 11,700, Apple iPhone XR at 66,499 and more

    Deals of the Day: Realme 2 Pro and Redmi Note 6 Pro at Rs 11,700, Apple iPhone XR at 66,499 and more

    Samir Makwana | February 20, 2019 12:08 PM IST

    Flipkart is hosting its Mobiles Bonanza sale that brings exciting discounts on some of the popular s...

    Deals of the Day: Realme 2 Pro and Redmi Note 6 Pro at Rs 11,700, Apple iPhone XR at 66,499 and more
    indiacom
    2019-02-20T01:08:59+00:00
    2019-02-20T01:08:59+00:00
    Flipkart
    India.com
  • Vivo V15 Pro launch live stream at 12:00 PM: Here is how to watch the event

    Vivo V15 Pro launch live stream at 12:00 PM: Here is how to watch the event

    Staff | February 20, 2019 9:30 AM IST

    Vivo India is all set to launch its' much anticipated and rumored Vivo V15 Pro in the Indian market....

    Vivo V15 Pro launch live stream at 12:00 PM: Here is how to watch the event
    indiacom
    2019-02-19T22:30:09+00:00
    2019-02-19T22:30:09+00:00
    Flipkart
    India.com
  • Flipkart Co-founder Sachin Bansal Invests Rs 650 Crore in Ola to Compete With Rival Uber

    Flipkart Co-founder Sachin Bansal Invests Rs 650 Crore in Ola to Compete With Rival Uber

    PTI | February 19, 2019 9:56 PM IST

    New Delhi: Flipkart co-founder Sachin Bansal has invested about Rs 650 crore in Ola, giving the Indi...

    Flipkart Co-founder Sachin Bansal Invests Rs 650 Crore in Ola to Compete With Rival Uber
    indiacom
    2019-02-19T10:56:21+00:00
    2019-02-19T10:56:21+00:00
    Flipkart
    India.com
  • Motorola One Power, Moto X4, Moto E5 Plus discounts on offer during Flipkart 'Mobile Bonanza'

    Motorola One Power, Moto X4, Moto E5 Plus discounts on offer during Flipkart 'Mobile Bonanza'

    Staff | February 19, 2019 6:47 PM IST

    Motorola has partnered with Flipkart, and is offering discounts on a few devices. The e-commerce gia...

    Motorola One Power, Moto X4, Moto E5 Plus discounts on offer during Flipkart 'Mobile Bonanza'
    indiacom
    2019-02-19T07:47:10+00:00
    2019-02-19T07:47:10+00:00
    Flipkart
    India.com
  • Gionee F205 Pro with 13MP camera, updated battery launched in India for Rs 5,890

    Gionee F205 Pro with 13MP camera, updated battery launched in India for Rs 5,890

    Staff | February 19, 2019 6:34 PM IST

    Gionee has launched the 'Pro' upgrade of existing F205 smartphone on Flipkart today. The Gionee F205...

    Gionee F205 Pro with 13MP camera, updated battery launched in India for Rs 5,890
    indiacom
    2019-02-19T07:34:17+00:00
    2019-02-19T07:34:17+00:00
    Flipkart
    India.com
  • E-commerce sector in India to touch $200 billion by 2027: Morgan Stanley

    E-commerce sector in India to touch $200 billion by 2027: Morgan Stanley

    PTI | February 19, 2019 6:04 PM IST

    With the new foreign direct investment (FDI) rules regarding online marketplaces and the emergence o...

    E-commerce sector in India to touch $200 billion by 2027: Morgan Stanley
    indiacom
    2019-02-19T07:04:30+00:00
    2019-02-19T07:04:30+00:00
    Flipkart
    India.com
  • Flipkart co-founder Sachin Bansal invests Rs 650 crore in Ola

    Flipkart co-founder Sachin Bansal invests Rs 650 crore in Ola

    PTI | February 19, 2019 4:19 PM IST

    Flipkart co-founder Sachin Bansal has invested about Rs 650 crore in Ola, giving the Indian ride-hai...

    Flipkart co-founder Sachin Bansal invests Rs 650 crore in Ola
    indiacom
    2019-02-19T05:19:59+00:00
    2019-02-19T05:19:59+00:00
    Flipkart
    India.com
  • Redmi Note 7 teased on Flipkart ahead of February 28 India launch

    Redmi Note 7 teased on Flipkart ahead of February 28 India launch

    Staff | February 19, 2019 4:17 PM IST

    Xiaomi has already confirmed that it plans on launching its Redmi Note 7 smartphone in India on Febr...

    Redmi Note 7 teased on Flipkart ahead of February 28 India launch
    indiacom
    2019-02-19T05:17:49+00:00
    2019-02-19T05:17:49+00:00
    Flipkart
    India.com
  • Xiaomi Mi Days sale on Amazon India: Discounts on Redmi 6A, Mi A2, Redmi 6 Pro, Mi smart TVs

    Xiaomi Mi Days sale on Amazon India: Discounts on Redmi 6A, Mi A2, Redmi 6 Pro, Mi smart TVs

    Staff | February 19, 2019 2:22 PM IST

    Amazon India is hosting 'Mi Days' sale and is offering captivating discounts, exchange offers and no...

    Xiaomi Mi Days sale on Amazon India: Discounts on Redmi 6A, Mi A2, Redmi 6 Pro, Mi smart TVs
    indiacom
    2019-02-19T03:22:18+00:00
    2019-02-19T03:28:00+00:00
    Flipkart
    India.com
  • Flipkart Mobile Bonanza sale kicks off today: Discounts on Realme 2 Pro, Redmi Note 6 Pro, iPhone XR, Poco F1 and more

    Flipkart Mobile Bonanza sale kicks off today: Discounts on Realme 2 Pro, Redmi Note 6 Pro, iPhone XR, Poco F1 and more

    Staff | February 19, 2019 10:56 AM IST

    Flipkart is hosting a five-day sale, which is called as Mobile Bonanza. The e-commerce giant is offe...

    Flipkart Mobile Bonanza sale kicks off today: Discounts on Realme 2 Pro, Redmi Note 6 Pro, iPhone XR, Poco F1
    indiacom
    2019-02-18T23:56:29+00:00
    2019-02-19T00:01:35+00:00
    Flipkart
    India.com
  • Flipkart Mobiles Bonanza Sale starts February 19: Deals on Realme 2 Pro, Xiaomi Redmi Note 6 Pro, Poco F1, Asus Zenfone Max Pro M2 and more

    Flipkart Mobiles Bonanza Sale starts February 19: Deals on Realme 2 Pro, Xiaomi Redmi Note 6 Pro, Poco F1, Asus Zenfone Max Pro M2 and more

    Staff | February 18, 2019 10:06 AM IST

    Flipkart has announced Mobiles Bonanza sale, a five day sale offering attractive discounts on some o...

    Flipkart Mobiles Bonanza Sale starts February 19: Deals on Realme 2 Pro, Xiaomi Redmi Note 6 Pro, Poco F1, As
    indiacom
    2019-02-17T23:06:54+00:00
    2019-02-17T23:06:54+00:00
    Flipkart
    India.com
  • Realme 2 Pro price in India slashed; now starts at Rs 12,990

    Realme 2 Pro price in India slashed; now starts at Rs 12,990

    Staff | February 15, 2019 2:02 PM IST

    Chinese smartphone maker Realme has been doing great in the Indian market. The company isn t even on...

    Realme 2 Pro price in India slashed; now starts at Rs 12,990
    indiacom
    2019-02-15T03:02:43+00:00
    2019-02-15T03:02:43+00:00
    Flipkart
    India.com
  • Moto G7 Power to become available on Flipkart at Rs 13,999 starting today

    Moto G7 Power to become available on Flipkart at Rs 13,999 starting today

    Staff | February 15, 2019 1:12 PM IST

    Motorola will launch the Moto G7 Power officially in India today. Mumbai-based retailer Mahesh Telec...

    Moto G7 Power to become available on Flipkart at Rs 13,999 starting today
    indiacom
    2019-02-15T02:12:17+00:00
    2019-02-15T02:12:17+00:00
    Flipkart
    India.com
  • Flipkart TV Days sale kicks off: Discounts and other offers on Mi LED TV, Vu, Thomson and more

    Flipkart TV Days sale kicks off: Discounts and other offers on Mi LED TV, Vu, Thomson and more

    Staff | February 14, 2019 1:34 PM IST

    Flipkart's TV Days sale offer for the Valentine week kick starts today. The e-commerce platform has ...

    Flipkart TV Days sale kicks off: Discounts and other offers on Mi LED TV, Vu, Thomson and more
    indiacom
    2019-02-14T02:34:37+00:00
    2019-02-14T02:34:37+00:00
    Flipkart
    India.com
  • Vivo Carnival sale last day deals on Flipkart and Amazon India: A detailed look at the offers

    Vivo Carnival sale last day deals on Flipkart and Amazon India: A detailed look at the offers

    Staff | February 14, 2019 12:42 PM IST

    Vivo's three-day Valentine s Day sale will end tonight. The company partnered with two e-commerce pl...

    Vivo Carnival sale last day deals on Flipkart and Amazon India: A detailed look at the offers
    indiacom
    2019-02-14T01:42:14+00:00
    2019-02-14T02:00:18+00:00
    Flipkart
    India.com
  • Flipkart TV Days sale announced, starts February 14: Offers and discounts

    Flipkart TV Days sale announced, starts February 14: Offers and discounts

    Staff | February 13, 2019 11:33 AM IST

    Flipkart is ready with yet another television sale. The e-commerce platform has announced 'Flipkart ...

    Flipkart TV Days sale announced, starts February 14: Offers and discounts
    indiacom
    2019-02-13T00:33:56+00:00
    2019-02-13T00:33:56+00:00
    Flipkart
    India.com
  • Infinix Days on Flipkart: Deals on Infinix Note 5, Smart 2, Note 5 Stylus and Hot S3X

    Infinix Days on Flipkart: Deals on Infinix Note 5, Smart 2, Note 5 Stylus and Hot S3X

    Staff | February 13, 2019 10:50 AM IST

    Infinix and Flipkart have partnered for Infinix Days sale on the e-commerce platform. The sale will ...

    Infinix Days on Flipkart: Deals on Infinix Note 5, Smart 2, Note 5 Stylus and Hot S3X
    indiacom
    2019-02-12T23:50:23+00:00
    2019-02-12T23:50:23+00:00
    Flipkart
    India.com
  • Vivo Carnival kicks off: Deals on Vivo V9 Pro, Vivo NEX, Vivo V11 Pro and more

    Vivo Carnival kicks off: Deals on Vivo V9 Pro, Vivo NEX, Vivo V11 Pro and more

    Staff | February 13, 2019 9:57 AM IST

    Vivo is hosting a three day sale as part of Valentine's Day where the company is offering discount a...

    Vivo Carnival kicks off: Deals on Vivo V9 Pro, Vivo NEX, Vivo V11 Pro and more
    indiacom
    2019-02-12T22:57:06+00:00
    2019-02-12T22:57:06+00:00
    Flipkart
    India.com
indiacom
2019-02-20T18:30:00+00:00
2019-02-20T18:30:00+00:00
Flipkart
Flipkart
India.com
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