Flipkart

Flipkart is an e-commerce company that was initially focused on book sales, before expanding into other product categories such as consumer electronics, fashion, and lifestyle products.

The Flipkart Group is one of India’s leading digital commerce entities and includes group companies Flipkart, Myntra, and Jabong.

Flipkart was founded in 2007 by Sachin Bansal and Binny Bansal. The company is headquartered in Bengaluru, India, and incorporated in Singapore as a private limited company.

 

Flipkart is known for pioneering services such as Cash on Delivery, No Cost EMI and easy returns – customer-centric innovations that have made online shopping more accessible and affordable for millions of Indians.

 

Flipkart offers over 80 million products across 80+ categories. The company has amassed over 350 million registered users across its services. 

 

Flipkart is known for pioneering services such as Cash on Delivery, No Cost EMI and easy returns – customer-centric innovations that have made online shopping more accessible and affordable for millions of Indians. Flipkart's acquisition of Jabong, Myntra, and Ekart, has been a natural step in their journey to be India’s largest fashion platform.

 

Flipcart is backed by Walmart, Accel, Baillie Gifford, Greenoaks Capital, GIC, Tiger Global, Tencent, CPP Investments, SoftBank Vision Fund 2, Steadview Capital, Qatar Investment Authority, and others. The company raised $3.6B in a new round on Jul 12, 2021. This brings Flipcart's total funding to $12.5B to date. The new round valued the company at $37.6B post-money. Flipcart was last valued at $24.9B from a funding raised in Jul 2020.

 

 

  • Year founded: 2007
  • Funding Info: $12.5B over 24 Rounds (Latest Funding Type: Pre-IPO)
  • Yearly Revenue: RS 346 billion (2020)
  • Employee Size: 10,001+
  • Business Valuation: Valued at 37.6B as of July 12, 2021
  • City/Town: Bengaluru
  • State: Karnataka
  • Country: India
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