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It raises billions of funds every year, making it expand even further. It also has its in-house products covering of several categories including smartphones, tablets, routers and home appliances. With a revenue of Rs.15, 129Cr (US $2.2bil) the company stands strong with over thirty thousand employees ready to serve the millions in the country without any hiccups. The complete interface is made available on the website as well as in your hands through your smartphone application.įlipkart is not the only e-commerce portal today in India, but there are the most astounding facts and figures of the company that showcases as of the fastest growing e-commerce. To simplify, it is a retail store, and instead of driving to the store and taking a long, tiring walk and lifting your things back home, especially after the long queue for billing, this store is on the web, you can access the store, its contents and select everything that you need by sitting on your couch and it shall be delivered to you at your doorstep without going through any trouble. All product names, logos, and brands are property of their respective owners.Flipkart is a giant marketplace for Indian customers. In August 2018, U.S.-based retail chain Walmart acquired a 81% controlling stake in Flipkart for US$16 billion, valuing it at $20 billion.ĭisclaimer: WebCatalog is not affiliated, associated, authorized, endorsed by or in any way officially connected to Flipkart. Flipkart also owns PhonePe, a mobile payments service based on the Unified Payments Interface (UPI). Flipkart is significantly dominant in the sale of apparel (a position that was bolstered by its acquisition of Myntra), and was described as being 'neck and neck' with Amazon in the sale of electronics and mobile phones. As of March 2017, Flipkart held a 39.5% market share of India's e-commerce industry. The service competes primarily with Amazon's Indian subsidiary, and the domestic rival Snapdeal. The company initially focused on book sales, before expanding into other product categories such as consumer electronics, fashion, home essentials & groceries, and lifestyle products. It was founded by Sachin Bansal and Binny Bansal in 2007. Flipkart is an Indian e-commerce company based in Bangalore, Karnataka, India.

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