Flipkart, Don’t you think online buying and selling have become an essential part of our lives? It was youth and adults who initially relied on the internet to buy products at affordable prices with amazing return policies and guarantees, it was a trend back then.https://generaltech.org/is-sbxhrl-safe-to-use/
Now, shopping online from eCommerce websites is no longer a trend but a practice that young and old engage in. When we are talking about the Indian eCommerce industry, the most popular eCommerce website in India, Flipkart should come right at the first.
It is the leading Indian eCommerce website founded by Sachin Bansal and Binny Bansal in 2007. The company is headquartered in Bengaluru, India. The market share of Group was last recorded by RedSeer at a whopping 62% when it emerged as the leader during the festive sales.
This Indian eCommerce store has brought a revolution in the Indian e-retail industry. Here’s looking at the success story of also learn more about its, founders, subsidiaries, parent organization, tagline, and more.
Flipkart – About
Flipkart is an Indian e-commerce company founded by Sachin Bansal and Binny Bansal in 2007, as Refrens is a payment gateway that launched in India. The company is headquartered in Bengaluru, India. Since its launch Flipkart has only seen highs, selling a wide variety of products online like Amazon. Flipkart was acquired by Walmart, an American retail giant, for $16 billion in May 2018.
In the initial years, Flipkart focused on selling books but today the catalog covers categories like electronics, fashion, home essentials, groceries, and lifestyle products. More than 1 billion people have shopped using Flipkart, making the e-commerce giant the leading e-retailer in India.
Flipkart also has subsidiaries like Myntra, PhonPe, eBay, Ekart, Jeeves, and Jabong. Flipkart also launched Shopsy on July 2, 2021, which is designed to behave like an app that will encourage the nation’s entrepreneurs to reap all the benefits of digital eCommerce that comes their way without investments. The app will have 0% commission from the sellers and will extend to around 200-500 million budget-friendly customers.
Today, they has over 100 million registered users, 100 thousand sellers, and 21 state-of-the-art warehouses. It also boasts about 10 million daily page visits and over 8 million shipments/month. the site currently works as a subsidiary of Walmart. The current CEO of Group is Kalyan Krishnamurthy.
They Acquire Walmart India – Wholesale
Flipkart acquired a 100% stake in Walmart India, which operates the Best Price cash-and-carry business. Thus, launching Wholesale Prolific studio. This step helped strengthen its hold on Grocery/food and Fashion Business, which is stated to be highly competitive in this dynamic environment. The launch of Flipkart Wholesale will be initiated in August, thus piloting the services for the Grocery and Fashion categories.