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flipkart

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Type of Business:  Private              

Type of site: E-commerce               

Founded: 2007; 10 years ago 

Headquarters: Bangalore, Karnataka, India

Area served: India

Founder(s): Sachin Bansal , Binny Bansalw

CEO:  Binny Bansal, Group , Kalyan Krishnamurthy,

Website: www.flipkart.com

About in flipkart

Flipkart is an electronic commerce company headquartered in Bangalore, Karnataka. It was founded in 2007 by Sachin Bansal and Binny Bansal. The company is registered in Singapore. Flipkart has launched its own product range under the name "DigiFlip" with products together with tablets, USBs, and laptop bags.

In pursuance of to Morgan Stanley the current market value of Flipkart is $5.54 billion as of November 2016.

History of flipkart

Flipkart was founded in 2007 by Sachin Bansal and Binny Bansal, both alumni of the Indian Institute of processing Delhi. They are not concrned to each other. They worked for Amazon.com, and leave to create their new company incorporated in October 2007 as Flipkart Online Services Pvt. Ltd. The first product they sold was the book Leaving Microsoft to Change the World to a customer from Hyderabad. Flipkart now employs more than 33,000 people. Flipkart allows payment methods such as cash on dealing, credit or debit card transactions, net banking, e-gift voucher and card swipe on dealing.

After failure of its 2014 Big Billion Sale, Flipkart recently completed the second edition of Big Billion Sale held between 13 and 17 October. where it is reported that they saw a business turnover of $300 million in gross merchandise volume.

 

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Acquisitions:

2010: WeRead, a social book detection tool.

2011: Mime360, a digital content platform company.

2011: Chakpak.com, a Bollywood news site that offers updates news, photos and videos. Flipkart acquired the rights to Chakpak's digital catalogue which includes 40,000 filmographies, 10,000 movies and close to 50,000 ratings. Flipkart has decidedly said that it will not be involved with the original site and will not use the brand name.

2012: Letsbuy.com, an Indian e-retailer in electronics. Flipkart has bought the company for an estimated US$25 millionLetsbuy.com was closed down and all traffic to Letsbuy has been diverted to Flipkart.

2014: Acquired Myntra.com in an ejective₹20 billion (US$300 million) deal.

2015: Flipkart acquired a mobile marketing start-up Appiterate as to strengthen its mobile platform.

2016: Flipkart’s Myntra acquires paragon fashion shopping site Jabong for $70 million.

Features off flipkart

The latest update adds the much-request wish list feature that make free you to bookmark products to check out later or part the list with your friends and family so they know what to buy you for gift. The wish list syncs between Web and all your devices, so works pretty well.

The app now features pleading so you look at products suggested based on your browsing history that you might be interested in. There’s of course Search history, so you can check out your recently viewed products. Also, when you search for products, categories, or brands, the product filtering has been exalted with the latest update

Download the Flipkart app for free for Windows Phone 8 devices from the Windows Phone Store. It’s a pretty good, and the quick update looks unfortunate to Flipkart customers on Windows Phone. What are your thoughts on the Flipkart app for Windows Phone? Is it the best in form and function, or you prefer apps from other online retailers.

 

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