Acquired Myntra and Jabong to dominate the fashion segment.
Flipkart
Overview
Flipkart, founded by Sachin Bansal and Binny Bansal in 2007, is one of India's largest e-commerce platforms. With a valuation of $37 billion in 2024, Flipkart has grown to become a household name.
Business Model
Flipkart operates on a marketplace model, connecting sellers and buyers across the country. Its wide product range and robust logistics network have been the key to its success.
Challenges
Flipkart faced stiff competition from global giants like Amazon. However, strategic acquisitions and a focus on customer satisfaction helped it maintain a leading position.
Achievements
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Successfully launched Flipkart Plus, a loyalty program.
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Secured $350 million funding from Google in May 2024.
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Founded in:
2007
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Founded by:
Sachin Bansal
Binny Bansal -
Headquaters:
Bangalore, Karnataka
