2. Alexa rank 7, fresh capital of $1 billion,
14000 employees and day by day inching
towards becoming India’s first $100
billion internet company.
3. Introduction
Flipkart is an Indian electronic commerce company
founded in 2007
Founded by Sachin Bansal and Binny Bansal
Headquartered in Bangalore, Karnataka
Registered in Singapore, and owned by a Singapore-
based holding company
Legally, Flipkart is not an Indian company since it is
registered in Singapore and majority of its
shareholders are foreigners.
5. Sachin Bansal And Binny Bansal
Binny and Sachin crossed paths thrice before starting
Flipkart. At school where they didn’t know each other
well; later, at IIT Delhi, they came close and became
good friends, as they were in the same course; and,
finally, at Amazon, where Binny joined in Jan 2007, a
year after Sachin (who joined in Jan 2006), and quit
in a few months (Sep 2007) to start Flipkart.
7. Funding
Initially funded by the Bansals themselves with 4
lakh(INR)
Flipkart has later raised funding from venture
capital funds Accel India (US$1 million in
2009)and Tiger Global (US$10 million in 2010
and US$20 million in June 2011)
On 24 August 2012, Flipkart announced the
completion of its 4th round of $150 million funding
from MIH (part of Naspers Group) and ICONIQ
Capital.
8. In 10 July 2013,$200 million from existing investors
In July 2013, Flipkart raised USD 160 million from
private equity investors
In October 2013, additional $160 million from new
investors Dragoneer Investment Group, Morgan
Stanley Wealth Management,Sofina SA and Vulcan
Inc.with participation from existing investor Tiger
Global.
9. On 26 May 2014, Flipkart announced that it has
raised $210 million from Yuri Milner’s DST Global
and its existing investors Tiger Global, Naspers and
Iconiq Capital.
On 29 July 2014, Flipkart announced that it raised $1
billion from Tiger Global Management LLC, Accel
Partners, and Morgan Stanley Investment
Management and a new investor Singapore
sovereign-wealth fund GIC
11. Acquisitions
• 2010: WeRead, a social book discovery tool.
• 2011: Mime360, a digital content platform
company.
• 2011: Chakpak.com, a Bollywood news site
that offers updates, news, photos and videos.
12. • 2012: Letsbuy.com, an Indian e-retailer
in electronics. Flipkart has bought the
company for an estimated US$25
million. Letsbuy.com was closed down
and all traffic to Letsbuy have been
diverted to Flipkart.
• 2014: Acquired Myntra.com in an
estimated INR 2,000 crore deal
15. In-house Products
Digiflip Pro XT 712 Tablet.
Networking Router, under its own brand name
named DigiFlip WR001 300 Mbit/s Wireless N
Router.
In September 2014 Flipkart launched its in-house
home appliances and personal healthcare brand
Citron. The label includes a wide range of cooking
utilities and grooming products.
19. Big Billion Day
Flipkart has redefined ‘big’ in many ways in
the year 2014
Achieved its sales target of $100 million in
GMV in a matter of 10 hours only
There were more than 10000 field staff to
make sure that the ordered product during
the deal day is delivered on time.
20. Conclusion
• E-Commerce currently accounts for about 1%
of India’s $500-billion retail sector.
• India’s Online retail industry is estimated to
reach $6 billion (about INR 36,800 Crore) in
size in 2015, according to research firm
Gartner.