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Flipkart information


Flipkart
Company typeSubsidiary
IndustryE-commerce
Founded2007; 17 years ago (2007)
Founder
  • Sachin Bansal
  • Binny Bansal
Headquarters
  • Bangalore, Karnataka, India (operational HQ)
  • Singapore (legal domicile)
Area served
India
Key people
Kalyan Krishnamurthi (CEO)[1]
ServicesOnline shopping
Revenue
  • Increase 56,013 crore (US$7.0 billion)[2]
 (FY2022-23)
Net income
  • Negative increase −4,834 crore (US$−610 million)[2]
 (FY2022-23)
Number of employees
22,000 (excluding Myntra)[3] (January 2024)
ParentWalmart (~85%)[4]
Subsidiaries
  • ANS Commerce
  • Cleartrip
  • Ekart
  • Flipkart Health+
  • Flipkart Wholesale
  • Jeeves-F1
  • Myntra
  • Shopsy
  • Yaantra
Websiteflipkart.com

Flipkart Private Limited is an Indian e-commerce company, headquartered in Bangalore, and incorporated in Singapore as a private limited company. The company initially focused on online book sales before expanding into other product categories such as consumer electronics, fashion, home essentials, groceries, and lifestyle products.[5][6]

The service competes primarily with Amazon India and domestic rival Snapdeal.[7][8] As of FY23, Flipkart held a 48% market share in the Indian e-commerce industry.[9] Flipkart has a dominant position in the apparel segment, bolstered by its acquisition of Myntra, and was described as being "neck and neck" with Amazon in the sale of electronics and mobile phones.[10]

  1. ^ "Kalyan Krishnamurthy to be Flipkart's new CEO; Sachin Bansal to remain group chairman". The Economic Times. 10 January 2017.
  2. ^ a b Yadav, Pihu (23 December 2023). "Flipkart reports a revenue of ₹56,013 crore in 2022-23 fiscal". CNBCTV 18. Retrieved 19 January 2024.
  3. ^ "Flipkart layoffs: Company plans to fire 1,100-1,500 employees, says report". Business Today. 8 January 2024. Retrieved 19 January 2024.
  4. ^ Yadav, Pooja (18 March 2024). "Flipkart Valuation Declines Over INR 41,000 Cr In Two Years". Inc42. Retrieved 19 March 2024.
  5. ^ "Flipkart: India online retail giant raises $3.6bn in latest funding round". BBC Home. 13 July 2021. Retrieved 21 December 2023.
  6. ^ "This Indian favourite emerged as the most shopped clothing item on Flipkart in 2023". Moneycontrol. 18 December 2023. Retrieved 21 December 2023.
  7. ^ Halzack, Sarah (9 May 2018). "Walmart Is Right on Flipkart Despite Investor Qualms". Bloomberg. Retrieved 11 May 2018.
  8. ^ Punit, Itika Sharma. "Snapdeal may die a slow and painful death". Quartz. Retrieved 11 May 2018.
  9. ^ Sharma, Nishant (23 March 2018). "This Is Why Amazon Hasn't Beaten Flipkart In India Yet". Bloomberg Quint. Retrieved 23 March 2018.
  10. ^ Tandon, Suneera. "Why Walmart bought Flipkart, according to Walmart". Quartz. Retrieved 13 May 2018.

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Flipkart

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Flipkart Private Limited is an Indian e-commerce company, headquartered in Bangalore, and incorporated in Singapore as a private limited company. The company...

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as the founder of Flipkart During his over 11 year career at Flipkart, Bansal was CEO and chairman. In 2018, Bansal exited Flipkart following the Walmart...

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player in the fashion e-commerce segment. In 2014, Myntra was acquired by Flipkart for $330 million, which was the largest e-commerce related acquisition...

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estimated at US$1.4 billion. In 2007 he co-founded the e-commerce platform Flipkart. He was the chief operating officer until January 2016, when he was promoted...

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incorporated in December 2015. In April 2016, the company was acquired by Flipkart and as part of the acquisition, the FxMart license was transferred to PhonePe...

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Myntra

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sell personalized gift items. In May 2014, Myntra.com was acquired by Flipkart. In May 2022, Myntra launched an express delivery service on its app to...

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Ekart

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headquartered in Bangalore, Karnataka. A subsidiary of electronic commerce company Flipkart Pvt. Ltd., it is run by Instakart services Pvt. Ltd. Ekart delivers around...

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Walmart de México y Centroamérica in Mexico and Central America, and as Flipkart Wholesale in India. It has wholly owned operations in Chile and a majority...

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rebranded Galaxy M models sold exclusively for the Indian market through Flipkart. Samsung Galaxy M series Samsung Galaxy A series Samsung Galaxy Alpha (2014)...

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million in profit. In December 2018, Sachin Bansal, after his exit from Flipkart, along with IIT-Delhi batch mate Ankit Agarwal, founded BACQ Acquisitions...

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that SoftBank Group planned to engineer a merger between Snapdeal and Flipkart. Discussions took place for months, but concluded in July 2017 after the...

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Praveen Khandelwal

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Bharat-e-market to compete with incumbents Amazon India and Walnut-backed Flipkart. ""Amazon Go Back": Meet the Indian merchant waging war on Jeff Bezos"...

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Samir Kochhar

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from the original on 29 September 2017. Retrieved 29 September 2017. "Flipkart Launches A New Original And Interactive Show 'The Bid And Win Show'". Mumbai...

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Chandigarh

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author, photo-artist Binny Bansal, founder of Flipkart, billionaire Sachin Bansal, founder of Flipkart, billionaire Neerja Bhanot, youngest Ashoka Chakra...

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Zindagi inShort

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 Life in short) is a 2020 Indian Hindi-language anthology film. It is a Flipkart Video Original that comprises seven short films showcasing different stories...

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Tata 1mg

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and Melatonin. MedPlus Online pharmacy laws in India PharmEasy Medlife Flipkart Health+ "Tata 1mg FY23 results". 8 August 2023. "1mg". Retrieved 6 July...

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EBay

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citing low usage. Flipkart and eBay entered into a strategic partnership in July 2017 under which eBay acquired a 5.44% stake in Flipkart in exchange for...

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Bharti Airtel

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Airtel will provide the apps for free to its customers. The reports of Flipkart, an e-commerce firm, joining the "Airtel Zero" scheme drew negative response...

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Nitin Seth

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Nitin Seth is an Indian tech entrepreneur and author who was the COO of Flipkart. He is the Co-Founder and CEO of Incedo, a US-based digital transformation...

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Meesho

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ninefold in two years and was at about $5 billion in 2022 (for comparison, Flipkart's GMV stood at $23 billion). In 2023, Meesho was named one of the most influential...

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pandemic. Since the acquisition of Cleartrip by Flipkart, the company has participated in the Flipkart Big Billion Day event in October 2021. It has signed...

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Sirf Ek Minute

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interactive quiz show that debuted on the Flipkart app on 7 July 2021. It is an original series of Flipkart Video hosted by Indian television actor and...

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Vu Televisions

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2016, Flipkart became its exclusive online sales partner. The share of Vu grew to 40% of the total market share in the TV category for Flipkart. Vu Technologies...

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Diljit Dosanjh

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Brand Endorser for Punjab, India. Flipkart, India's leading e-commerce company roped Diljit Dosanjh for its Flipkart Connect campaign for Punjab. Diljit...

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