Flipkart

Flipkart Pvt Ltd. is an Indian electronic commerce company based in Bengaluru, India. Founded by Sachin Bansal and Binny Bansal (no relation) in 2007, the company initially focused on book sales, before expanding into other product categories such as consumer electronics, fashion, and lifestyle products.

Flipkart Pvt. Ltd.

Type of site	E-commerce
Available in	English
Founded	2007; 11 years ago
Headquarters	Bengaluru, India
Area served	India
Founder(s)	Sachin Bansal Binny Bansal
Key people	Kalyan Krishnamurthy (CEO)[1]
Services	Online shopping
Revenue	₹199 billion(US$3.0 billion) (2017)[2]
Employees	30,000 (2016)[3]
Subsidiaries	Myntra, Jabong.com, PhonePe, Ekart, Jeeves.co.in
Website	flipkart.com
Alexa rank	160 (Global, (February 2018)[4]  9 (India, February 2018)[4]
Commercial	Yes
Registration	Required
Current status	Online

The service competes primarily with Amazon's Indian subsidiary, and the domestic rival Snapdeal.^[5][6] As of 2017, Flipkart held a 39.5% market share of India's e-commerce industry.^[7] Flipkart is significantly dominant in the sale of apparel (a position that was bolstered by its acquisitions of Myntra and Jabong.com), and was described as being "neck and neck" with Amazon in the sale of electronics and mobile phones.^[8] Flipkart also owns PhonePe, a mobile payments service based on the Unified Payments Interface(UPI).

In May 2018, U.S.-based retail chain Walmartannounced its intent to acquire a 77% controlling stake in Flipkart for $16 billion USD, subject to regulatory approval. Walmart however is expecting to close the deal by the end of year 2018.^[9]