Indian E commerce King Flipkart
Flipkart is an Indian e-commerce company, which is contacting new elements of progress today. The headquarters of Flipkart company is located in Bangalore city of Karnataka state. With the assistance of this Flipkart site, many individuals have been purchasing and selling different kinds of things sitting at home. With Flipkart, individuals do web-based shopping at home like you can purchase books, mobiles, PCs, clothes, TVs, and so forth of the needs of individuals.
Flipkart was established in October 2007 by Binny Bansal and Sachin Bansal. Both Binny Bansal and Sachin Bansal have completed their studies from the Indian Institute of Technology (IIT) Delhi.
After their graduation, they began working for Amazon, which is also a popular e-commerce website. While working with Amazon company, they got the plan to build up their own company, and afterward, both chose to resigned Amazon Company in October 2007 and began their own Company. Initially, Flipkart's original name was "Flipkart Online Service Private Limited". They first started the business of selling books
Flipkart was not by any means the only website however later they made two additional websites as "Mime360.com" and "chakpak.com" in October 2011. These websites helped the company to grow tremendously to its success. Later in 2012, Flipkart launched its first musical store named "Flight Digital Music Store". This music store helped the users to download the music legally but due to the evolution of other music websites, it was closed in the year 2013. As no user wanted to spend money and listen to the music as the users were having alternatives to download it for free.
Flipkart turned out to be extremely well known because of its business achievement. After this, many companies started to launch their new products on this site. In February 2014, an agreement was signed between Motorola and Flipkart. After this agreement, Flipkart started selling Moto-X smartphones from its website on 19 March 2014. On 13 May 2014, this company also started selling Moto-E, a Motorola-only phone from its site.
On 2 September 2014 this year, Flipkart additionally began selling Xiaomi Redmi 1s advanced mobile phones. This mobile was launched in India in July 2014. During this deal, 40,000 mobile phones were sold short.
In 2014, Flipkart organized out a 'Big Billion Sale'. During the occasion of this sale, Flipkart increased a great sale of benefit and the turnover of this business was an aggregate of $ 300 million.
In the year 2015 to improve its delivery service, Flipkart purchased navigation named "MapMyIndia" so that the users can place its order accurately with the help of MapMyIndia.
Flipkart announced during April 10, 2017, that the company had a total of $ 1.4 billion in total. Again in August this year, Softbank Vision Fund invested $ 2.5 billion in this company. The success of Flipkart in April 2016 led to the names of company owners Sachin Bansal and Binny Bansal in the list of '100 Most Influential People' (100 Most Influential People) in Times Magazine. In September 2015, both were named in the Forbes India Rich List released by Forbes. His name was 86 on this list. At this time, both owners had different amounts of $ 1.3 billion. Sachin Bansal was granted the title of 'Businessperson of the Year 2012-2013' by Economics Times. The Flipkart organization was granted the title of 'Youthful Turk of the Year' by CNBC in 2012.