Amazon and Flipkart are two major online retailers in India. Amazon was founded in 1994 by Jeff Bezos and is now a global company headquartered in Seattle. Flipkart was founded in 2007 by Sachin and Binny Bansal and is headquartered in Bangalore. Both companies started as online book retailers and have now diversified into various product categories. They have grown significantly through acquisitions and innovations like fast delivery and easy return policies. However, Amazon maintains some advantages over Flipkart in areas like price control and customization.