Flipkart is an Indian e-commerce company founded in 2007 by Sachin Bansal and Binny Bansal (not related). The company is headquartered in Bangalore, India and is one of the leading e-commerce platforms in India.
Flipkart started as an online bookstore, but quickly expanded into other categories such as electronics, fashion, home appliances, and groceries. The company has a wide range of products available, with millions of products listed on its platform from thousands of sellers.
Flipkart operates on a marketplace model, where it acts as an intermediary between buyers and sellers. It offers a range of services to sellers, including access to a large customer base, logistics support, and payment processing. Flipkart also has its own private label brands in various categories, such as electronics, fashion, and home appliances.
In 2018, Walmart acquired a 77% stake in Flipkart for $16 billion, making it one of the largest e-commerce deals in the world. The acquisition has allowed Flipkart to expand its reach and services, while also benefiting from Walmart’s global supply chain expertise.
Flipkart has also been at the forefront of several innovations in the Indian e-commerce industry. It was one of the first companies to introduce cash on delivery as a payment option, which was a game-changer for e-commerce adoption in India. Flipkart has also invested heavily in building its logistics and supply chain infrastructure, enabling faster and more reliable delivery to customers across India.
In addition to its core e-commerce business, Flipkart has also launched several other services, such as a mobile wallet (PhonePe) and an online fashion portal (Myntra), which have become major players in their respective markets.
Overall, Flipkart has played a significant role in shaping the Indian e-commerce industry, and has become a household name in India. Its focus on customer experience, innovative solutions, and strategic partnerships have helped it maintain its position as one of the leading e-commerce companies in the country.