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Surendra Kumar Pandey: Presented by
Surendra Kumar Pandey: Presented by
• With over 11.5 million book titles listed, 11 different categories, more than 2 million registered
users and sale of 30000 items a day.
• Subsidiarie is Myntra.
•
COMPANY TIMELINE
Flipkart was established in 2007 by Sachin Bansal and Binny Bansal, both alumni of the Indian
Institute of Technology Delhi.
• They worked for Amazon.com before quitting and founding their own company.
• Initially they used word of mouth marketing to popularize their company.
• A few months later, the company sold its first book on flipkart.com - John Woods' Leaving
Microsoft to Change the World.
• Also it had experienced 2 million unit sales and 4 million unique vistors per month with sales
growing at 25% per month
• The store started with selling books and in 2010 branched out to selling CDs, DVDs, mobile
phones & accessories, cameras, computers, computer accessories and peripherals, pens & office
supplies, other electronic items such as home appliances, kitchen appliances, personal care
gadgets, health care products etc.
• As of today, Flipkart employs over 33,000 people.
FUNDING
• Initially funded by the Bansals themselves with 4 Lakhs(INR).
• 2009:Flipkart has since then raised fund from venture capital Accel India (US$10 million).
• 2010:Flipkart has since then raised fund from Tiger Global (US$10 million).
• 2011: Flipkart has since then raised fund from Tiger Global (US$20 million).
• 2012:Flipkart announced the completion of its 4th round of $150 million funding from MIH (part of
Naspers Group) and ICONIQ Capital.
• 2013:The company announced, on 10 July 2013, that it has raised an additional $200 million from
existing investors including Tiger Global, Naspers, Accel Partners and Iconiq Capital.
FUNDING (Cotd)
2014:
• On 26 May 2014, Flipkart announced that it has raised $210 million from Yuri Milner’s DST
Global and its existing investors Tiger Global, Naspers and Iconiq Capital.
• In early July 2014, it was also highly speculated that Flipkart was in negotiations to raise at
least $500 million, for a likely listing in the US for 2016.
• On 29 July 2014, Flipkart announced that it raised $1 billion[46] from Tiger Global
Management LLC, Accel Partners, and Morgan Stanley Investment Management and a new
investor Singapore sovereign-wealth fund GIC
ACQUISITION
• 2010: WEREAD, a social book discovery tool.The stated goal was to give Flipkart a
social recommendation platform for buyers to make informed decisions based on
recommendations from people within their social network.
• 2011: Chakpak.com is a Bollywood news site that offers updates, news, photos and
videos. Flipkart acquired the rights to Chakpak’s digital catalogue which includes
40,000 filmographies, 10,000 movies and close to 50,000 ratings. Flipkart has
categorically said that it will not be involved with the original site and will not use
the brand name.
• Flipkart very wisely used SEO (Search Engine Optimization) and Google Ad-words as
the marketing tools to have a far reach in the online world.
• Flipkart.com official Face book page has close to 9 lac 'likes'. Flipkart recently
launched a series of 3 ads with the tag line - "No Kidding No worries"
• Kids were used to create the adverts to send out the message - if a kid can do it, you
can also do it.
•Co-Founder of Flipkart Sachin Bansal, got Entrepreneur of the Year Award 2012-
2013 from Economic Times, leading Indian Economic Daily.
•Flipkart.com was awarded Young Turk of the Year at CNBC TV 18's 'India
Business Leader Awards 2012' (IBLA).
•Flipkart.com- got Nominated for IndiaMART Leaders of Tomorrow Awards 2011.