3. Flipkart is an online shopping website founded by Sachin
Bansal and Binny Bansal in 2007
4. Slogan: The Online Megastore
It includes electronic goods, air
conditioners, air coolers ,stationery supplies
and life style products and e-books
5. The first product sold by Flipkart was the book
Leaving Microsoft To Change The World,
bought by VVK Chandra from Andhra Pradesh.
It has now launched many successful products.
6. • Flipkart allows payment methods such as
cash on delivery, credit or debit card
transactions, net banking, e-gift voucher
and card swipe on delivery
8. AWARDS
Sachin Bansal : Entrepreneur of the Year Award 2012-2013
Flipkart.com- got Nominated for IndiaMART Leaders of Tomorrow
Awards 2011
Flipkart.com, secured second position in the List of Cheapest Mobile
Store 2013,
compiled by Indian e-commerce observer Zoutons.com
9. Myntra was established by Mukesh Bansal,
Ashutosh Lawania,
Vineet Saxena in February 2007
10. From 2007 to December 2010, Myntra.com was in
the business of personalization of products online.[9]
The products ranged from T-shirts, mugs, greeting
cards, calendars, key chains, diaries etc. However,
in 2010, the company expanded its catalogue to
retail fashion and lifestyle products.
11. In 2013, Myntra acquired San-Francisco-based
Fitiquette, a developer of virtual fitting room
technology.
In November 2013, Bollywood star Hrithik Roshan joined
forces with online shopping portal Myntra.com to
exclusively launch and manufacture his active lifestyle
apparel and casual wear brand HRX
12. Myntra.com was announced as a winner of the Red Herring Global 100
award
CNBC - TV18 awarded Myntra.com as one of the Hottest Internet
Companies of the Year at the Mercedes - Benz CNBC - TV18 Young
Turks Awards
Myntra.com won IAMAI's Best Ecommerce Website of the year award
for 2012 at the 7th India Digital Summit, 2013.
13. Flipkart has acquired online fashion retailer Myntra in an
estimated Rs 2,000 crore deal on may 22 2014.
14. After Acquisition, It’s Market share has been
increased to 65%.
Myntra continues to function as an independent entity
and so does the fashion division of Flipkart.
15. Quick fact file of the Myntra-Flipkart deal.
> All the Myntra employees get the universal stock options ...
>There’s no threat to Myntra’s online fashion dominance by
Amazon.
>Key stakeholders in Myntra have become millionaires with
this deal.
>There are no immediate plans of integrating the
duo but the possibilities will be explored in
near future.
16. • Flipkart plans to go Alibaba way rather than the
Amazon way due to more similarities in between
Indian and Chinese consumers.
• Only Mukesh Bansal from Myntra joins the Flipkart
board. He’ll head the fashion business for Flipkart.
• Myntra continues to hire and expand. Have global
ambitions as well.
