Flipkart was founded in 2007 by former Amazon employees Sachin and Binny Bansal to focus on online book sales across India. It has since grown significantly, with 100 orders per day by 2008 and acquiring social book discovery service WeRead in 2010. The document discusses Kalyan Krishnamurthy, the CEO of Flipkart, who believes in building entrepreneurs in India and encourages a bias for action and customer-first approach. It also outlines Flipkart's focus on problem-solving, democratic leadership style, and support for employees' startups.