It is registered in Singapore and it operates in India, where it is headquartered in Bangalore, Karnataka. They had been working for Amazon. Flipkart now employs more than people. Flipkart allows payment methods such as cash on delivery,credit or debit card transactions, net banking, e-gift voucher and card swipe on delivery.
Working as an online bookstore, the platform promises to deliver books anywhere across India, and soon has its first customera young engineer from Mahbubnagar in current-day Telangana. Flipkart is officially in business. Flipkart closes the year with over 3, shipments successfully delivered.
Sachin and Binny hire their first full-time employee, Ambur Iyyappawho would eventually go on to become a millionaire.
Flipkart also crosses an important milestone by opening pre-orders for the first time. The company launches Ekarta logistics arm led by fresher Vinoth Poovalingam, to handle the logistical requirements of the new payment option and the growing demand for goods. To allay consumer concerns, the platform introduces Next Day Shipping Guarantee and also launches PayZippyan online payments solution for merchants and customers.
Big Billion Day is here!
Acquisitions over the year include mobile advertising company AdIquity, mobile marketing firm AppIterate, and payment services startup FX Mart, as well as an investment in delivery locker service startup Qikpod.
Midway through the year, Flipkart launches a brand refresh with a new logo and improved progressive policies for employees, including maternity, paternity and adoption leave policies.
Flipkart celebrates two big milestones — the first Indian mobile app to cross 50 million users and crossing million registered customers.
PhonePe, launched the previous year, sees rapid adoption thanks to the demonetisation movement, and crosses 10 million downloads on the Google Play Store.
Since the start ofFlipkart has already seen several milestones — a new campus at Embassy Tech Village, the successful onboarding of overthird-party sellers, and expanding its product catalogue to house over 80 million products — culminating in the Walmart acquisition.Flipkart also provides a 30 day replacement guarantee on its products and EMI options to its customers for making payments.
4) Flipkart's reason of success is that it has a great customer retention rate, it has around 15 lac individual customers and more than 70% customers are repeat customers i.e.
they shop various times each year. Flipkart has had a long road over the years, full of ups and downs. What started as an online bookstore from a two-bedroom apartment in Koramangala, Bengaluru in has today grown into one of. Flipkart repaid the investors’ faith with terrific performances year after year.
In the financial year , Flipkart had made sales to the tune of 40 million Indian rupees. This soon increased to million Indian rupees the following year. Flipkart targets to hit the one billion mark by Flipkart was founded by Mr. Sachin Bansal and Binny Bansal, alumni of Indian Institute of Technology Delhi, in October In its initial phase of operation, Flipkart was registered as Flipkart Online Services Pvt.
Ltd and sold only books. Flipkart was founded by Mr.
Sachin Bansal and Binny Bansal, alumni of Indian Institute of Technology Delhi, in October In its initial phase of operation, Flipkart was registered as Flipkart Online Services Pvt. Ltd and sold only books. The past few months have made it evident how our own ecosystem was heavily reliant on the success of Flipkart and it’s present status vis-a-vis Amazon is determining the fortunes of many other.