THE UNKNOWN FACTS ABOUT FLIPKART
1.Flipkart is an Singaporean e-commerce company but the headquartered Singapore (legal domicile) and Operation headquarter Bangalore, Karnataka, India.
2.The company started in the year Sachin Bansal and Binny Bansal in 2007.
3.The first focused on books sale then the company into fashion, electronic goods..etc. e company initially focused on online book sales with country-wide shipping. Following its launch, Flipkart slowly grew in prominence; by 2008, it was receiving 100 orders per day.
4.The The initial development budget of Flipkart was ₹400,000.
5.In 2009 Acel India invested $1 million to flipkart, then 2010-2011 Tiger management invested $30 million.
6.The company reported sales were ₹40 million (US$560,000) in FY 2008–2009, ₹200 million (US$2.8 million) in FY 2009–2010 and ₹750 million (US$11 million) for FY 2010–2011.
7.But the company reported a loss of ₹2.81 billion (US$39 million) for the FY 2012–13.In July 2013, Flipkart raised $160 million from private equity investors.
8.Flipkart has launched in app streaming named Flipkart Video.he first show was launched on October 19, 2019 named Backbenchers, hosted by Farah Khan.
9.In 2011, Flipkart acquired digital distribution businesses including Mime360.com.
10. Myntra, an online fashion retailer buys for ₹20 billion (US$280 million) in May 2014.
11. In 2016, Flipkart acquired the online fashion retailer Jabong.com.
12.Sachin Bansal and Binny Bansal, who were both alumni of the Indian Institute of Technology Delhi and formerly worked for Amazon.
13. March 2017, Flipkart held a 39.5% market share of India’s e-commerce industry.
14.In August 2018, U.S.-based retail chain Walmart acquired an 81% controlling stake in Flipkart for US$16 billion, valuing the company at $20 billion