About the Company
Flipkart is an Indian e-commerce company, headquartered in Bangalore, that was founded in 2007 by Sachin Bansal and Binny Bansal. Initially focused on online book sales, it has expanded to offer a wide range of products including electronics, fashion, home essentials, and groceries. Flipkart is a subsidiary of Walmart Inc.
Here’s a more detailed look:
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- Founders: Sachin Bansal and Binny Bansal.
- Headquarters: Bangalore, India.
- Founders: Sachin Bansal and Binny Bansal.
- Initial Focus: Online book sales.
- Expansion: Diversified into consumer electronics, fashion, home essentials, groceries, and lifestyle products.
- Key Dates:
- Founded in October 2007.
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- Acquired by Walmart in 2018.
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- Key Features:
- Offers a wide range of products across various categories.
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- Provides services like Cash on Delivery, No Cost EMI, and easy returns.
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- Delivers to all serviceable PIN codes in India.
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- Has a large seller base and contributes to job creation.
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- Competitive Landscape: Competes with Amazon India and Snapdeal.
- Financials: As of March 31, 2024, Flipkart had an annual revenue of ₹70,800Cr, according to Tracxn.
- Subsidiary of: Walmart.
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