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Facts one must know about Flipkart.com

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Facts about Flipkart

There has been a lot of disagreement across the world about Walmart’s $16 billion acquisition of Flipkart. Walmart stockholders are in disbelief that their beloved firm spent so much money on a website in India, while some analysts in India believe Flipkart should have stayed independent. Meanwhile, for $1 billion, Sachin Bansal, Flipkart’s co-founder, has decided to make an intelligent departure, and Google is considering how to use their 7 percent interest in the new firm.

There are rumors that Walmart, which is famed for its “Everyday Sale Business Model,” will provide a slew of outrageous prices and offers online.

Facts about Flipkart

 

Flipkart has some interesting facts that you may not be aware of.

 

This post aims to introduce you to an Indian e-commerce portal that prompted Walmart to invest $16 billion and rewrite the history of Indian e-commerce!

# 1. It’s Not A Mistake, That’s For Sure!

The most significant fact about flipkart.com is that a modest online bookshop like Flipkart wasn’t an accident when founded in the early 2000s. Sachin Bansal and Binny Bansal, who worked together at Amazon before it became their largest competition, had a strategy in place. Bengaluru, India, was the setting for this story in 2007.

 

#2. It’s the First Time!

‘Leaving Microsoft to Change the World’ by John Wood was the first book Flipkart.com sold after launching the online bookshop. According to some reports, Sachin Bansal packed the goods, and Binny Bansal was the delivery man. In an interview, Sachin Bansal said that they used to post phony evaluations of books on their site to encourage customers to buy them in the early days. It was among the top facts about Flipkart.

 

#3. The Big Twist

After their Big Billion Day sale, Flipkart overtook Amazon‘s market share and became the leading online retailer in India. When Big Billion Day first began in 2015, they sold things worth $200 million in three days. 2016’s Big Billion Day surpassed 2015’s by selling merchandise worth $225 million in three days. Flipkart sold more shoes and TVs online over these sales days than all of India’s shops combined!

 

#4. It’s all about the mobile!

That is a fascinating fact about Flipkart.com Flipkart has been very focused on mobile for the last few years. In 2016, they decided to get rid of their website and only sell through their mobile app. After hearing from their long-term customers, they’ve decided to get their mobile site back up and running again. Flipkart’s mobile app was the first in India to reach 50 million downloads, which shows that they are focused on mobile.

 

#5. No two funders are exactly alike.

Flipkart co-founders Sachin and Binny Bansal are the perfect examples of how science says opposites attract. Sachin is an avid gamer, and in the previous days, if an employee beat Sachin, they were given a free meal. Employees at Flipkart can still participate in gaming tournaments. His water-rafting exploits have made him a household name.

 

#6. If you’re Rejected, It’s Not So Bad!

The founders have had their share of setbacks, but it appears that they haven’t let that stop them. Google twice denied binny Bansal before Flipkart suffered investor rejections. Even though Sachin and Binny went to the same high school and college, the idea for Flipkart only came to fruition a year after they both joined Amazon. Binny joined in 2007, two years after Sachin. It is interesting facts about Flipkart.

 

#7. Controversies didn’t stop them from doing what they did!

Despite problems, Flipkart maintained its momentum and did not stifle its growth. Because of their discriminatory advertisements in 2016, the Gorkha community was outraged; and because of bounced checks in 2017, the Bansal brothers were investigated by the police. Flipkart even faced a boycott from some of the country’s most prestigious universities because of the Myntra acquisition and the placement dispute.

An additional professional high point for Sachin and Binny Bansal came in 2015 when their combined wealth of $1.3 billion put them on Forbes’ list of India’s wealthiest people. We congratulate Flipkart and welcome Walmart to the Indian marketplace. It’s only the beginning of the battle for commercial supremacy! Above are some interesting facts about Flipkart.

 

Conclusion

Many in-house innovations and best practices developed by Flipkart’s rivals have become their norms. Flipkart claims to handle more than 100,000 transactions a day, a volume critical to the company’s success, and they also claim to want to make their product affordable for every single customer.

 

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