Flipkart
Flipkart Journey
Flipkart's Founder and History
Flipkart is one of the largest unicorns in India which initially founded in October 2007 at Bangalore/Singapore by two Institute of Information Technology (IIT), Delhi students (Sachin Bansal and Binny Bansal).
These two students also known as former employees of Amazon.
While they was working at Amazon as a software developer, they got a idea about to start a platform that could compete to Amazon.
Initially, when Sachin Bansal and Binny Bansal founded Flipkart's and started selling books.
Flipkart started as an Online Bookstore
In starting days they also start delivering books by using their bikes and other vehicles.
But when Flipkart's continuously grow in that case it also improved their platform and added multiple products.
Also, they added many people to their team and increased Flipkart's manpower.
Flipkart's Unicorn Status
With the regular growth of Flipkart's, it became a unicorn in February 2012 with 1 billion dollars valuation.
Since its becoming a unicorn in India, it still growing and according to Venture Intelligence Flipkart's last round funding valuation reached up to $37 or more.
Walmart's Acquisition of Flipkart
In 2018 Flipkart's acquired by a well-known supermarket Walmart. So that they can use Flipkart as a weapon for competing with multi-national or most popular online selling company Amazon.
There are also many people on list who invested in Flipkart's and also become partners in its success.
Some known investors who was invested in Flipkart are like Accel, Tiger Global, Naspers, SoftBank, and Tencent.
This list can also include many other names, but these names are those people who was purchased a large number of Flipkart's Shares.
Flipkart IPO
Flipkart initially founded as a private company, Walmart is planning to launch a Flipkart's IPO, when the Indian market matures and stabilizes revenue. However, a Flipkart's IPO not expected before 2025.
Flipkart New Bill Payment Options Will Expand Its Fintech Offerings
Flipkart is taking a significant step forward in the fintech space by adding New Bill Payment Options. The company has announced the addition of new bill payment options to its platform, enhancing the user experience and broadening its service offerings. This move is set to solidify Flipkart’s position as a versatile and customer-centric platform. New […]
Lydia Jett Rejoined Flipkart Board Amid Strategic Shifts: Overview
Recently Lydia Jett, who is a former Managing Partner at SoftBank, has rejoined the board of Flipkart. This move marks a significant development for the e-commerce giant, especially in the context of its recent management changes and strategic shifts. Jett’s return to Flipkart comes after a brief departure earlier this year, following her resignation from […]
Flipkart Video Commerce Engages 75M Users in H1 2024 Success
Recently Flipkart has declared that its video commerce engages 75M users and mark a significant achievement. Engaging 75 million users in the first half of 2024, Flipkart’s video commerce become a game-changer in the e-commerce landscape. This article delves into the factors behind this success and explores the broader implications for the industry. Flipkart’s Engagement […]
Flipkart Launches super.money App: Fintech Innovation Unveiled
Flipkart which is a one of India leading e-commerce giants, has made a significant leap into the fintech world and launches super.money App. This app, currently in beta mode, marks Flipkart’s ambitious foray into financial services, aiming to revolutionize the way users manage their finances. Current Offerings: UPI Services Currently super.money app is providing UPI […]
Flipkart and PhonePe Near Profitability: Walmart CFO Optimistic
Flipkart and PhonePe, two major players in the Indian e-commerce and fintech sectors, are showing promising signs of profitability. According to Walmart CFO, improving losses and substantial growth in payment volumes are giving Walmart a lot of confidence in their financial future. This article delves into the financial outlook and strategic advancements of Flipkart and […]
Flipkart Stake Purchase Talks With Swiggy Denied by Startup
Recently in the tech industry, a report surfaced stating that Flipkart held discussions with Swiggy regarding a potential stake purchase. However, Swiggy has denied these claims. This article delves into the details of this report, the involved parties, and the current state of these discussions. Report on Flipkart and Swiggy Talks According to a report […]