Flipkart's magic story
The total value of the Flipkart eCommerce company has
been estimated at a total of thirty thousand crores in May 2016. On May 9,
2016, American retail company Walmart released the official statement to buy
77% stake of Flipkart. Gone though it is only officially given life, the right
price will be known to both the youth and the owner of Walmart. Sachin Bansal
and Binny Bansal's. interesting facts about Yahoo
adventurous and adventurous Activity made Flipkart India's
largest e-commerce company. The success story of Flipkart is full of magic
stories that we Indians used to hear from our grandparents. The young man who
got an engineering degree from IIT got started in 2007 with the help of his
computer and skill in a small room in an apartment in Koramangala, south of
Bangalore.
in 2007 with the help of his computer and skill. The company
acquired a number of companies in its 11-year career. In 2005, both of these
young men used to work in the world's largest e-commerce company Amazon, later
Flipkart became the biggest e-commerce company of Amazon in India. Decided to
sell books online, in which it was decided that the books would be sent by
post. The first year the company received only 20 orders.
After 2-3 years the
boom in the company came when they decided to sell electronic goods and mobiles
in 2010. It also came when Online shopping meant Flipkart itself. Fashion
portal (Myntra-Jabong), payment app (PhonePe), logistics firm (Eckart) are also
part of the flip cart. Many other companies have also seen quadruple success in
the sector. Tried hands and achieved success too. During this time India's
e-commerce market has increased to 2100000 crores ($ 30 billion) and by 2026 it
is expected to increase to 1400000 crores ($ 200 billion). interesting facts about Yahoo
1) Flipkart is India's first billion dollar company with 10 million
registered users.
2) According to estimates, Flipkart is number one in India's
online retail market and its share is around 40%.
3) Fashion portal
(Myntra-Jabong), payment app (PhonePe), logistics firm (Eckart) are also part
of the flip cart
4) With the Flipkart deal, Walmart will get a great
opportunity to increase its business in India. While Flipkart will get the
resources of Walmart, it will be in a position to compete well with Amazon. US
retail company Walmart, which was not getting approval to open its stores in
India, has now entered the deal in India.
5) For consumers, this deal will be
beneficial because increasing competition will bring more discounts, more
products and good service.
6) Sellers of small products may have tension due to
Walmart. It is said that Walmart does not give much margin to companies using
its platform.
7) According to Walmart CEO Do Macmillan, India's retail market
is one of the most attractive markets in the
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