Flipkart is the best online buy products website
And there products are checked and cheap in prices also as compare to others.Flipkart was founded in 2007 by Sachin Bansal and Binny Bansal, both alumni of the Indian Institute of Technology Delhi . They worked for
Amazon.com , and left to create their new company incorporated in October 2007 as Flipkart Online Services Pvt. Ltd. [12] The first product they sold was the book Leaving Microsoft To Change The World to a customer from Hyderabad. [13][14][15] Flipkart now employs more than 33, 000 people. [16] Flipkart allows payment methods such as cash on delivery , credit or debit card transactions, net banking , e-gift voucher and card swipe on delivery. [17]
After failure of its 2014 Big Billion Sale, Flipkart recently completed the second edition of Big Billion Sale held between 13 and 17 October.
[18] where it is reported that they saw a business turnover of $300 million in gross merchandise volume. [19]
Business Structure
In a report dated 25 November 2014, a leading media outlet reported that Flipkart were operating through a complex business structure which included nine firms, some registered in Singapore and some in India. In 2012 Flipkart co-founders sold WS Retail to a consortium of investors led by Rajeev Kuchhal. [20]
Acquisitions
2010: WeRead , a social book discovery tool.
[21]
2011: Mime360, a digital content platform company. [22]
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 categorically said that it will not be involved with the original site and will not use the brand name. [23]
2012: Letsbuy.com, an Indian e-retailer in electronics. Flipkart has bought the company for an estimated US$25 million. [24][25] Letsbuy.com was closed down and all traffic to Letsbuy has been diverted to Flipkart. [26]
2014: Acquired Myntra.com in an estimated
?20 billion ( US$300 million) deal. [27]
2015: Flipkart acquired a mobile marketing start-up Appiterate as to strengthen its mobile platform. [28]
2016: Flipkart’s Myntra acquires rival fashion shopping site Jabong for $70 million.[29]
2016: In April, Flipkart acquired payment start-up PhonePe .[1]
Investments
In 2015, Flipkart bought a minority.