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.