Udayavni Special

Story of Flipkart, the big billion e-commerce startup

Team Udayavani, Jun 13, 2021, 3:38 PM IST

Flipkart was founded by Sachin Bansal and Binny Bansal in 2007. The two became friends while working together at Amazon.

Flipkart started from a two-bedroom apartment in Bengaluru’s Koramangala area as an online bookstore and from there they went on to become the country’s largest e-commerce player.

Flipkart initially started selling a variety of other products like music, mobile phones, as well as movies.

Flipkart expanded at a rapid pace steadily supplementing various new item categories in its collection as e-commerce gradually started growing in the world of retail.

Currently, Flipkart facilitates over 80 million+ products across the rage of over 80 categories from mobile phones & accessories, computers, laptops, books and e-books, home appliances, electronic goods, clothes and accessories, sports and fitness, baby care, games and toys, jewelry, footwear, and etc.

The company bought online apparel retailer Myntra at about $300 million in 2014, and another fashion retailer Jabong for $70 million in 2016. In 2016 itself it bought payment startup PhonePe in 2016.

One of the principal USP of  Flipkart is its pricing and the platform is known for offering branded products at economical prices. Additional benefits include, cash on delivery (COD) feature, its refund policy as well as its customer service.

In 2018, Flipkart was acquired by Walmart with a 77% share of the platform now possessed by the US retail giant.

Flipkart currently has 300 million registered customer base and 150+ million app downloads.

In 2020, Flipkart launched Voice Assistant, Flipkart Wholesale Business, Flipkart Leap Incubator and Flipkart Quick.

Although Flipkart did have a great start and went on to become one of the leading e-commerce websites, it is presently struggling as there are a lot of competitors like Amazon.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Indian Navy rescues 7 fishermen

India records single-day rise of 41,831 new Covid cases, 541 deaths

Covid protocols violations: Dr Kakkilaya files complaint against IMA Mangaluru office bearers

ISRO to take cooperation with European, Israeli space agencies to higher orbit

Mekedatu: DKShi urges Bommai to start work on project immediately

Mumbai cops save Kerala man who hinted about suicide on Twitter

China, India miss UN deadline to update emissions targets

Related Articles More

Male fertility is declining – studies show that environmental toxins could be a reason

Earth’s inner core is growing more on one side, and here’s why it isn’t tipping

Here’s why CDC recommends indoor masks even if you’ve been fully vaccinated against Covid-19

Why animals recognise numbers but only humans can do maths

Breast tax in Kerala: Story of Nangeli, woman who cut her breast off in protest


DC G Jagdish talked covid case in udupi

Accused should be punished



Cattle thief at koppa

Latest Additions

Indian Navy rescues 7 fishermen

A 90 paise spoon sold for 2 lakhs

Scientists find a way to recycle diapers

Tibetans to observe protest day against China on Oct 20

MS Dhoni’s trendy new look takes internet by storm

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.