Flipkart was founded in 2007 in Bangalore, India by IIT alumni Sachin Bansal and Binny Bansal. It operates as one of the largest e-commerce platforms in India. Over time, Flipkart acquired companies like Myntra and Letsbuy to expand its product offerings and grew through several funding rounds from investors totaling over $3 billion. It now competes with other major online retailers in India like Amazon and Snapdeal.