brief of flipkart.com

1. Submitted by:
HEENA JAIN
Mba part I
PROFILLING OF FLIPKART

2.  Flipkart Online Services Pvt. Ltd. Is an indian e-commerce
company, owns and operates an online shopping Website in India.
 Registered in Singapore and owned by a singapore-based holding
company.
 Headquartered in Bangalore, Karnataka.
 Founded by sachin bansal and binny bansal in 2007.
 Started with initial capital of 4 lakh.
 Started with selling of book, later it expanded to electronic good
and a variety of other products.

3. Sachin Bansal
Binny Bansal

4. Sachin Bansal
 CEO and Co founder
 Sachin spent early years in chandigarh.
 He is graduated from IIT delhi with the degree of
computer enginnering.
 In 2006, he joined amazon.com which he later left to startup
flipkart.
Sachin bansal
CEO and co
founder

5.  BINNY BANSAL
 Coo and co founder
 Born and raised in Chandigarh, Binny went on to
get a degree in computer engineering form IIT delhi.
 He had a brief stint amazon before taking entrepreneurial
plunge with flipkart.
COO and co
founder

6.  Binny and Sachin crossed paths 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.
 A few moths later, the company sold its first book on
flipkart.com- John woods’ leaving Microsoft to change
the world.

7.  Initially, they had spent ₹ 400,000 only for making website to set up
the business.

 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).
 In August 2012, Flipkart announced the completion of its 4th round
of $150 million funding from MIH (part of Naspers Group) and
ICONIQ Capital.
 In July 2013, Flipkart raised USD 160 million from private equity
investors.

8.  In 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.
 In May 2015 Flipkart has raised $550 million from some of
its existing investors, in a deal that raises the valuation of
the privately held Indian startup to about $15 billion or Rs.
90,000 crore .

9.  2010: “we read” , a social book discovery tool
 2011: “ mime360”, a digital content platform company
 2011: “chakpak.com” , a bollywood news site that update
news, photos, and videos
 2012: lets buy.com
 2014: acquired “myntra.com” for 2000 cr.
 2015: flipkart acquired a mobile marketing start –up
appiterate as to strength its mobile platform

12.  Moto G
 Moto X
 Xiaomi Mi3
 Xiaomi Redmi
 Partnered with Jumbo Electroncis to
launch Yota Phone.

13.  Flipkart, the first billion dollar Internet company from India(going
by 2015 estimates )is by far the leading online store in the nation.
 Now that Amazon is reportedly entering India in early 2012, this
news becomes even more significant, considering that Amazon
has previously, and unsuccessfully, tried acquiring the company,
with Flipkart demanding a very high buyout price.
 With online retail industry in India pegged to reach $1.5 billion
(2015), sources suggest that e-commerce is just hotting up in
India and we may soon seen many more Internet companies
achieving similar success.