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About the Company

Flipkart is an Indian e-commerce company headquartered in Bangalore, founded in 2007 by Sachin Bansal and Binny BansalInitially focusing on online book sales, it expanded to offer a wide range of products, including electronics, fashion, home goods, groceries, and lifestyle items. 

Here’s a more detailed description: 

  • Founder: Sachin Bansal and Binny Bansal.
  • Headquarters: Bangalore, India.
  • Establishment: 2007.
  • Business Model: E-commerce marketplace, offering a wide variety of products.
  • Product Categories: Books, electronics, fashion, home essentials, groceries, and lifestyle products.
  • Customer Base: Over 500 million registered users.
  • Market Position: A leading e-commerce platform in India, competing with Amazon.
  • Key Services: Cash on delivery, No Cost EMI, and easy returns.
  • Expansion and Growth: Acquired companies like WeRead, Mime360, and Myntra to expand its offerings and technology capabilities.
  • Acquisition: In 2018, Walmart acquired a 77% controlling stake in Flipkart.
  • Flipkart Group: The company is part of the Flipkart Group, which also includes Myntra, Flipkart Wholesale, and more.
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