Submitted by:HEENA JAINMba part I

PROFILLING OF FLIPKART

INTRODUCTION 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.

FOUNDERS

Sachin Bansal

Binny Bansal

ABOUT FOUNDERSSachin 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 bansalCEO and co founder

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

COMPANY HISTORY 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.

FUNDING 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.

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 .

ACQUISITION 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

JOURNEY TILL 2015

COMPETITORS

EXCLUSIVE PRODUCT LAUNCHES

 Moto G  Moto X Xiaomi Mi3 Xiaomi Redmi Partnered with Jumbo Electroncis to

launch Yota Phone.

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.

THANK YOU