Flipkart

Flipkart
Company type	Subsidiary
Industry	E-commerce
Founded	2007
Founder	Sachin Bansal; Binny Bansal;
Headquarters	Bangalore, Karnataka, India (operational HQ); Singapore (legal domicile);
Area served	India
Key people	Kalyan Krishnamurthi (CEO)
Services	Online shopping
Revenue	₹56,013 crore (US$7.0 billion); (FY2022-23)
Net income	₹−4,834 crore (US$−610 million); (FY2022-23)
Owner	Walmart (~85%);
Number of employees	22,000 (excluding Myntra) (January 2024)
Parent	Walmart
Subsidiaries	ANS Commerce; Cleartrip; Ekart; Flipkart Health+; Flipkart Wholesale; Jeeves-F1; Myntra; Shopsy; Yaantra;
Website	www.flipkart.com

Flipkart Private Limited is an Indian e-commerce company, headquartered in Bangalore, and incorporated in Singapore as a private limited company. The company initially focused on online book sales before expanding into other product categories such as consumer electronics, fashion, home essentials, groceries, and lifestyle products.^[5]^[6]

The service competes primarily with Amazon India and domestic rival Snapdeal.^[7]^[8] As of FY23, Flipkart held a 48% market share in the Indian e-commerce industry.^[9] Flipkart has a dominant position in the apparel segment, bolstered by its acquisition of Myntra, and was described as being "neck and neck" with Amazon in the sale of electronics and mobile phones.^[10]

^ "Kalyan Krishnamurthy to be Flipkart's new CEO; Sachin Bansal to remain group chairman". The Economic Times. 10 January 2017.
^ ^a ^b Yadav, Pihu (23 December 2023). "Flipkart reports a revenue of ₹56,013 crore in 2022-23 fiscal". CNBCTV 18. Retrieved 19 January 2024.
^ Yadav, Pooja (18 March 2024). "Flipkart Valuation Declines Over INR 41,000 Cr In Two Years". Inc42. Retrieved 19 March 2024.
^ "Flipkart layoffs: Company plans to fire 1,100-1,500 employees, says report". Business Today. 8 January 2024. Retrieved 19 January 2024.
^ "Flipkart: India online retail giant raises $3.6bn in latest funding round". BBC Home. 13 July 2021. Retrieved 21 December 2023.
^ "This Indian favourite emerged as the most shopped clothing item on Flipkart in 2023". Moneycontrol. 18 December 2023. Retrieved 21 December 2023.
^ Halzack, Sarah (9 May 2018). "Walmart Is Right on Flipkart Despite Investor Qualms". Bloomberg. Retrieved 11 May 2018.
^ Punit, Itika Sharma. "Snapdeal may die a slow and painful death". Quartz. Retrieved 11 May 2018.
^ Sharma, Nishant (23 March 2018). "This Is Why Amazon Hasn't Beaten Flipkart In India Yet". Bloomberg Quint. Retrieved 23 March 2018.
^ Tandon, Suneera. "Why Walmart bought Flipkart, according to Walmart". Quartz. Retrieved 13 May 2018.

[1] "Kalyan Krishnamurthy to be Flipkart's new CEO; Sachin Bansal to remain group chairman". The Economic Times. 10 January 2017.

[CNBCTV_18-2] Yadav, Pihu (23 December 2023). "Flipkart reports a revenue of ₹56,013 crore in 2022-23 fiscal". CNBCTV 18. Retrieved 19 January 2024.

[Inc42-3] Yadav, Pooja (18 March 2024). "Flipkart Valuation Declines Over INR 41,000 Cr In Two Years". Inc42. Retrieved 19 March 2024.

[Business_Today-4] "Flipkart layoffs: Company plans to fire 1,100-1,500 employees, says report". Business Today. 8 January 2024. Retrieved 19 January 2024.

[BBC_Home_2021_y544-5] "Flipkart: India online retail giant raises $3.6bn in latest funding round". BBC Home. 13 July 2021. Retrieved 21 December 2023.

[Moneycontrol_2023_i664-6] "This Indian favourite emerged as the most shopped clothing item on Flipkart in 2023". Moneycontrol. 18 December 2023. Retrieved 21 December 2023.

[7] Halzack, Sarah (9 May 2018). "Walmart Is Right on Flipkart Despite Investor Qualms". Bloomberg. Retrieved 11 May 2018.

[8] Punit, Itika Sharma. "Snapdeal may die a slow and painful death". Quartz. Retrieved 11 May 2018.

[9] Sharma, Nishant (23 March 2018). "This Is Why Amazon Hasn't Beaten Flipkart In India Yet". Bloomberg Quint. Retrieved 23 March 2018.

[10] Tandon, Suneera. "Why Walmart bought Flipkart, according to Walmart". Quartz. Retrieved 13 May 2018.

[1]

[2]

[3]

[4]

[5]

[6]

[7]

[8]

[9]

[10]