Flipkart reaches 10 crore customers!

The journey!

Flipkart began as a startup headquartered in Bangalore exploring the waters of e-commerce in India back in 2007 selling books, now Flipkart has turned into a company capable of locking horns with competitors like Amazon who also have a global presence. The brainchild of Binny and Sachin Bansal, who left Amazon to being Flipkart in 2007 sold their first book “Leaving Microsoft to change the world” to a customer and every since then there has been no turning back. Their journey from selling books to offering a wide range of facilities is possible by delivering unmatched service says Binny Bansal a founding member. Flipkart celebrates having satisfied 10 crore customers. Flipkart has grown to become India’s largest e-commerce entity and thereby has extended its reach throughout the nation. Last year stands witness to Flipkart doubling its customers and only in the last 6 months Flipkart has witnessed 2.5 crore new customers. This is probably due to their hugely successful Big billion and Independence sale.
Flipkart has carried out fundraising ventures and always emerged successful. The company’s investors like Tiger Global, Accel Partners, Baillie Gifford and many others have cumulatively invested over 3 billion dollars. The company has been valuated over the 10 billion mark by more than one valuator. Flipkart has also been acquiring start-ups like letsbuy.com, blackbuck, mapmyindia.com and Phonepe , Flipkart also bought the fashion e-commerce player Myntra for over 300 Million dollars.

India’s leading e-commerce company

India’ e-commerce industry has seen exponential growth witnessing the entry of international players like Amazon into the fare. But over 43 % of the Indian customer bank is possessed by Flipkart alone and is estimated to raise to 44% in 2019.  This is a great accomplishment concerning the expectations of Indian customers and their demands.
Flipkart also has exclusive tie-ups with mobile companies like Lenovo and Xiaomi who’s mobile phone are available only through Flipkart. This plan was an instant hit and the first batches of the phone from both the manufacturers sold out in minutes.
Flipkart is registered in Singalore and headquartered in Bangalore in December 2014 the company went public to raise 700 million dollars for the long term, which furthered its valuation to 15 billion dollars. Flipkart’s unique marketing and advertisement strategies have paid off.
Flipkart now offers over 20 million products under 70 different categories, employing over 33,000 and with 8 million visiting its webpage every day. So go to www.flipkart.com to buy anything from books to toys.

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