(i) Flipkart was launched in the year 2007 and having an office based out in Bangalore. It was founded by Sachin Bansal and Binny Bansal, both were the alumni of IIT Delhi. The journey of Flipkart was started by selling books on its platform. There is a story that the founders themselves carried the book and went in their scooter to deliver their first order. Later on, they expanded into other product categories such as consumer electronics, fashion, home essentials & groceries, and lifestyle products. The company primarily competes with Amazon and Snapdeal.
(ii) Today Flipkart is India’s largest e-commerce market place having 8 cr products across 80+ categories. It has 10 cr registered users, technology to deliver 80 lakh orders per month, and 1 cr daily page visit.
(iii) It was acquired by Walmart in the year 2018 for whooping 1 lakh cr for 77% stakes in the company. This was the biggest deal in the history of India. That deal valued Flipkart close to $20 Billion.
a) In late 2011, Flipkart made several acquisitions relating to digital distribution, including Mime360.com and the digital content library of Bollywood portal Chakpak.
b) In May 2012, Flipkart acquired Letsbuy, an online electronics retailer.
c) In 2014, it has acquired fashion brand Myntra for 2000 cr deal.
d) In 2016 Flipkart acquired Jabong through its unit Myntra for about $70 million.
|Total Available Shares:||1000|
|Face Value:||₹ 10 Per Equity Share|
|Lot Size:||100 Shares|
|Current Unlisted Share Price:||₹ Best In Industry Per Equity Share|
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