10 Facts about Flipkart you'd be Surprised to know!
Flipkart was founded in 2007 by Sachin Bansal and Binny Bansal, both alumni of the Indian Institute of Technology Delhi. They worked for Amazon.com, and left to create their new company incorporated in October 2007 as Flipkart Online Services Pvt. Ltd.
Here are some awesome Facts about the company!
Here are some awesome Facts about the company!
1
The Launch
Sachin Bansal and his business partner Binny Bansal launched Flipkart from an apartment in Bangalore with 4,00,000 rupees cash!
2
Dedication
In 2007 during the early days of Flipkart, Sachin Bansal and his business partner Binny Bansal used to deliver books across Bengaluru on their scooters and in October 2015 they showed up at the doorsteps of some customers, personally delivering goods in order to gain insights from the online buyers.
3
First Of All !
The first product they sold was the book Leaving Microsoft To Change The World to a customer from Hyderabad.
4
Taking Criticism Positively!
After failure of its 2014 Big Billion Sale, Flipkart reported that they saw a business turnover of 300 million in gross merchandise volume for the Second Edition!
5
The Merger
Flipkart acquired Myntra.com in an estimated ₹ 20 billion (2,000 crore) and acquired a mobile marketing start-up Appiterate as to strengthen its mobile platform.
6
Xiaomi tie-up!
- Xiaomi Mi3 first batch and additional 1.70 lakh units were sold out within a total of 40 minutes!
- Xiaomi Redmi 1S budget Android smartphone, 2,40, 000 units priced at Rs 5999 each were sold under a total of 1 minute!
7
Making it to Forbes
In September 2015, Sachin Bansal and Binny Bansal entered Forbes India Rich List debuting at the 86th position with a net worth of $1.3 billion each
8
Awards
Co-Founder of Flipkart, Sachin Bansal, got Entrepreneur of the Year Award 2012-2013 from Economic Times and Flipkart.com was awarded Young Turk of the Year at CNBC TV 18's 'India Business Leader Awards 2012.
9
No Relation!
Sachin and Binny, although share the same 'Bansal' surname aren't related!
10
The Co-incidence
Sachin and Binny Bansal both completed their schooling at St. Anne's Convent School, Chandigarh and coincidentally, were students of computer science engineering at Indian Institute of Technology Delhi.