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Flipkart

Flipkart

Flipkart is an indian electronic commerce company founded by Sachin Bansal, Binny Bansal and Binny Bansal.

Flipkart is an e-commerce platform. The company was established in 2007 by Binny Bansal and Sachin Bansal. It is headquartered in Bengaluru, Karnataka, India. In August 2018, Flipkart was acquired by Walmart for $16 billion, giving the latter a 77% share of ownership over the company. Flipkart operates only in India.



History

Flipkart initially only sold books through the website in 2007. In 2010, the company starts selling products such as music, movies, and mobile phones. These categories later expanded into lifestyle and fashion products in 2012. Many of these product category expansions come from the acquisition of companies operating within these industries, such as Myntra, an online fashion retailer (Wikipedia). As of September 2019, Flipkart advertises that it offers more than 80 million products in 80 product categories, ranging from electronics to sports and music equipment.



Funding

Flipkart has managed to raise a total funding of $7.5 billion from 19 rounds of financing, with its most recently held one occurring in January 2019. This round was a corporate round, amassing $200.8 million. This marks Flipkart’s first funding round after being acquired by Walmart. e-Bay contributed capital during this round.

Timeline

August 1, 2019

 Flipkart achieves 25 per cent reduction of single-use plastic through various initiatives.

Funding rounds

4 Results
Funding round
Funding round
Funding round amount (USD)
Funding round amount (USD)
Funding type
Funding type
Funding round date
Funding round date
Investment
Investment
10,000,000
June 16, 2010

People

Name
Role
LinkedIn

Abhishek Sharma

Employee



Allan Kaplan

Investor



Ankit Gupta

Employee



Ankit Mehta

Employee



Binny Bansal

Founder



Dave Gilboa

Investor



David Popowitz

Investor



Debleena Bose

Employee



Diego Berdakin

Investor



Gaurav Lochan

Employee



Julia Popowitz

Investor



Kevin Colleran

Investor



Kshitij Bhardwaj

Employee



Lee Fixel

Investor



Madan Devaiah

Employee



Manisha S

Employee



Manoj Agarwal

Employee



Nat Turner

Investor



Nuttaporn Voonglinhom

Employee



Pramod Sarja

Employee



Pranav Deepak Agrawal

Employee



Pratyush Verma

Employee



Prayank Swaroop

Investor



Rahi Jain

Employee



Rohit Venugopal

Employee



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