Flipkart was founded in 2007 in Bangalore, India by Sachin Bansal and Binny Bansal. It started as an online book retailer and has since expanded into other product categories. Flipkart is headquartered in Bangalore and has raised over $3 billion in funding from investors. It acquired fashion retailer Myntra in 2014 to expand into apparel and accessories sales. Flipkart is now the dominant online retailer in India, though faces competition from Amazon which recently entered the Indian market.

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.