Flipkart, the country's premier e-commerce company, has position the foundation of 2 IIT graduates Sachin in addition to Binny Bansal. Today, xi years ago, i.e., started equally a start-up inward 2007, was seen inward the listing of companies known inward the country. But the founder members who stimulate got created Flipkart stimulate got right away been shown the means out of the company.
Flipkart has been bought past times American fellowship Wallmart. Wallmart's Flipkart currently holds 77 per centum stake. Prior to the bargain amongst Flipkart's Wallmart, Sachin Bansal had to larn out the fellowship in addition to on this Tuesday, ie, on Nov 13, Binny Bansal has too formally resigned from the post service of Flipkart Group CEO (Chief Executive). Let's know how the fellowship that started equally a start-up became the pop e-commerce fellowship inward the country.
Such a beginning
On September 15, 2007, Sachin in addition to Binny Bansal position the foundation of this online shopping fellowship Flipkart. Both met at IIT Delhi. Flipkart first off started shipment of books online in addition to the company's first off client was Mahbubnagar of Telangana. This year, the company's concern did non croak really good in addition to exclusively twenty shipments were made.
Company's first off office
The fellowship opened its initiatory inward Bengal inward the twelvemonth 2008. Gradually, people got attracted to Flipkart, after which the fellowship opened 24X7 client tending service. In 2008, the fellowship carried to a greater extent than than 3,400 shipments compared to 20.
Company's first off employee
After this, inward the twelvemonth 2009, Sachin in addition to Binny Bansal hired their first off full-time employee, Ambur Ayyappa, who afterward became millionaires. Essel Partners became its first off Venture Capital Company. It invested $ 1 meg inward the company. Flipkart too opened the role inward Delhi in addition to Mumbai.
Cash On Delivery Begins
In a province similar India, people believe inward coin after purchasing goods. In thought of this, Flipkart introduced Cash On Delivery inward 2010. Along amongst this, the fellowship has opened a subsidiary fellowship called eKart for logistics. It included music, movies, games, electronics, in addition to mobile inward their production category. Flipkart made its first off acquisition of the Warid Portal.
Big Billion Days Begins
In the twelvemonth 2014, the fellowship opened the first off Big billion Days Sale for customers. After this, the fellowship bought a large stake inward fashion retailer Myntra. In add-on to Myntra, After-sales service provider too bought a stake inward Jeeves. In 2015, the fellowship has completed the acquisition in addition to fundraising circular amongst several novel launches.
Sachin Bansal becomes CEO
In the twelvemonth 2016, after the removal of Flipkart CEO Binny Bansal, Sachin Bansal became the company's CEO. Earlier, Sachin Bansal was the first off executive chairman of the company. This year, Times Magazine included Sachin in addition to Binny Bansal on the listing of 100 influential people inward the world.
Wallmart made the landlord
Softbank Vision Fund invested $ 1.5 billion to purchase a large stake inward Flipkart this year. This year, the fellowship achieved many to a greater extent than achievements, after which the American fellowship Wallmart bought a large stake.