Flipkart was founded in 2007 in Bangalore, India by IIT alumni Sachin Bansal and Binny Bansal. It initially started as an online book retailer and has since expanded into various product categories. It acquired competitors such as Myntra and eBay India to become one of the largest e-commerce players in the country. Flipkart aims to be the largest retailer in India across all categories except groceries and automobiles. It has regional warehouses across major cities to enable fast delivery and faces competition from Amazon, Snapdeal, and other players in the online retail market.