Flipkart was founded in 2007 by Sachin and Binny Bansal to sell books online. It has since expanded into various product categories. Flipkart raised funds and acquired other companies to grow. It focuses on selection, payments, delivery, and returns to provide customers a good shopping experience. Flipkart aims to attract and retain customers through its services as online retail in India continues to grow substantially.
2. Contents
Intro
Founders
Flipkart Story
Evolution of Logos
Funding
Acquisitions
Why flipkart?
Order Lifecycle
Conclusion and References
3. Introduction
Flipkart went live in 2007 with the objective of making books
easily available to anyone who had internet access. They’re
present across various categories including movies, music, games,
mobiles, cameras, computers, healthcare and personal products,
home appliances and electronics – and still counting!
With over 11.5 million book titles, 11 different categories, more
than 2 million registered users and sale of 30000 items a day,
they’re one of the leading e-commerce players in the country.
Their success is largely due to their obsession with providing
customers a memorable online shopping experience. Be it Cash on
Delivery, a 30-day replacement policy, EMI options, free shipping -
and of course the great prices that they offer. Then there's
dedicated Flipkart delivery team that works round the clock to
personally make sure packages reach on time. For now they're
present in 27 lucky cities, but don't worry, plans are underway to
spread to many others.
5. About Founders
Sachin Bansal
CEO and Co-founder
Sachin spent his early years in Chandigarh. He graduated from
IIT-Delhi with a degree in Computer Engineering. In 2006 he
joined Amazon.com in India which he later left to set-up
Flipkart.
As CEO, Sachin oversees all the customer facing activities of
the company ranging from technology to marketing. He is also
in charge of Flipkart's corporate divisions which include the
finance and legal departments.
An avid gaming enthusiast, Sachin likes to spend most of his
free time with his family
6. About founders
Binny Bansal
COO and Co-founder
Born and raised in Chandigarh, Binny went on to get a degree in
Computer Engineering from IIT Delhi. He had a brief stint at
Amazon before taking the entrepreneurial plunge with
Flipkart.
At Flipkart, Binny oversees all operational activities that come
into play from the time the customer places an order till the
time of delivery. This spans across divisions like warehousing,
logistics and customer support.
A big fan of Salman Rushdie as well as Stieg Larsson's
'Millennium' series, Binny is also passionate about soccer and
NBA. An active sportsman, he used to captain his school
basketball and soccer teams.
7. Flipkart Story
Flipkart,was established by Sachin Bansal and Binny Bansal
both are alumni of Indian Institute of Technology Delhi and
worked for Amazon.com before quitting and founding their
own company.
Initially they used word of mouth to popularise their
company. Within two years through word of mouth of their
services, Flipkart became one of the top 100 Indian sites and
was credited for being India's largest online bookseller with
over 10 million titles on offer.
Flipkart broke even in March 2010 and claims to have had at
least 100% growth every quarter since its founding.
Flipkart employs over 3000 people.
8. Contd..
Also it had experienced 2 million unit sales and 4
million unique vistors per month with sales growing at
25% per month, eyeing a $50 million run rate as
reported by TechCrunch.
It’s been about a year since Flipkart started moving
from being a pure bookstore to selling mobiles/DVDs
etc. Since then, Flipkart went for a major brand
makeover, making it look more ‘upmarket’.
There has been large newspaper ads, TVCs and a lot of
web ads.
10. Funding
Initially funded by the Bansals themselves with 4
Lakh(INR).
Flipkart has since then raised two rounds of
funding from venture capital funds Accel India (in
2009) and Tiger Global Management (up to the tune
of US$10 million) (in 2010).
Private equity firms Carlyle and General Atlantic
are in talks to jointly invest about $150 million to
$200 million in Flipkart, according to sources.
11. Aquisitions
2010: “We Read”, a social book discovery tool.The
stated goal was to give Flipkart a social
recommendation platform for buyers to make informed
decisions based on recommendations from people
within their social network.
2011: Mime360, a digital content platform company.
2011: Acquired the rights to Chakpak’s digital catalogue
which includes 40,000 filmographies, 10,000 movies and
close to 50,000 ratings. Chakpak.com is a Bollywood
news site that offers updates, news, photos and videos.
13. Why flipkart?
Discoverablity
SEO
“We Do Not Sell Used Books” tagline.
“We DO NOT sell old books or used books. All
the books listed at Flipkart.com are new books.
The books listed at Flipkart.com are NOT available
for free download in ebook or PDF format....”
14. Why flipkart?
Payment
cash on delivery.,..
auto redirection to banking site...
Inventory...
Not like only when an order is placed they get the
product.The products are all there in the godown.
When u order u get it after the specified number
of days. Strictly abide by “never promise
something that u don't have” rule.
15. Why Flipkart?
Delivery..
Most similar looking envelopes are never delivered
thinking that it is a marketing package and no one
would track it. They would be willing to bargain on
rates but would never say anything about the service.
Paying a premium may not solve the problem always.
Flipkart is seen delivering through their own delivery
boys in Bangalore and at times within 12hrs from order.
Flipkart is looking to build its own courier company.
The recent $20Mn funding from Tiger Global was only
part of a larger sum they are known to be raising.
16. Why flipkart?
Flipkart has offices, warehouses and customer service
centers across India. Warehouses are located in the
following cities, often near airports.
Bangalore
Chennai
Delhi
Hyderabad
Mumbai
Noida
Pune
Kolkata
17. Contd…
Flipkart has added a prepaid Wallet feature to its
e-commerce platform that allows shoppers to store
money on the site and use it to purchase items,
without having to reach for their credit card for
each transaction, according to a MediaNama
report.
19. Order Lifecycle
Attract users to the site
Family, Friends, SEO, SEM,WoM, Brand Building
Provide selection
Make it easy to Find & Discover products
Provide details to evaluate a product
Description, Specifications, UGC
Price well
Have to be competitive to the most obvious options
Provide convenient payment options
Online, COD
Confirm payment
20. Order Lifecycle(contd)
Get the item
Procure from Supplier (Just-in-time) (Supplier selection)
Keep Inventory (Inventory Prediction, Planning)
Clean & Check for sanity
Pages missing, MRP printed lesser than told to you
Pack the item
Tamper proof, weather proof, breakage proof
Select courier & hand-over
Courier performances vary across regions a LOT
Get tracking id & communicate to customer
Follow-up for timely delivery
Take care of returns (faulty product/user changes their mind)
Minimize returns
21. This is Dhanda
No glamour – this is dhanda and very traditional at
that.
Your competition is on SP road and Chandni Chowk.
Dealing with suppliers:
> Signing agreements with suppliers
> getting them to share data feeds
> getting them to fulfill your orders
Dealing with Payment Gateways
Setting up & operating large warehouses
Dealing with Couriers
People may not be as forthright & honest
22. Conclusion
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.