When it comes to shopping online in India, Flipkart is the choice of millions in the country, right? And if you live in India, you may have used Flipkart’s online marketplace, or at least have heard that such a company exists. Right? If that’s the case, you may wanna know whether or not Flipkart is a foreign company, just like Amazon. Right? Well, Flipkart is actually an Indian company that was started back in the year 2007. And if you wanna know more about this awesome company, then keep on reading because we are about to dig deep into it.
Highlights Of Flipkart Company Details:
| Flipkart Company Is From Which Country | India |
| Established Year | 2007 |
| Flipkart Company Owner | Walmart |
| Flipkart Company Headquarters | Bangalore, Karnataka, India |
| Products Of Flipkart | Consumer electronics, fashion, home essentials, groceries, and lifestyle products. |
| Flipkart Company Founders | Sachin Bansal and Binny Bansal |
| Parent Company Of Flipkart | Walmart |
History and Ownership Of Flipkart
Back in 2007, two close friends, Sachin Bansal and Binny Bansal, started Flipkart in the lively city of Mumbai. They began by selling books, just like how Jeff Bezos started Amazon in 1994. And in India, people loved Flipkart from the get-go! In just a year, they were sending out 100 book orders every day. But that was only the start. Flipkart had big dreams.
Now, when we talk about who owns Flipkart, it’s a mix of local and global. While Flipkart is a proud Indian company, the big American store, Walmart, owns a huge part of it (80.5% to be exact). Some other big names like Tencent, Tiger Global, and Microsoft also have shares in it. But always remember, no matter who owns it, Flipkart’s soul and work are 100% Indian.
Flipkart’s Current Status In The Country
See, back in 2017, Flipkart was the big boss with a 39.5% slice of the pie in India’s e-commerce scene. Who were they up against? Mainly Amazon India and Snapdeal. But here’s a fun fact: with Flipkart snapping up Myntra, they’ve become a go-to spot for fashion lovers. So, when you’re clicking away looking for that perfect outfit online, chances are you’re dancing in Flipkart’s backyard!
And Flipkart gave a big friendly wave to other businesses, too. With cool things like Flipkart Wholesale, a digital marketplace for businesses, and eKart Logistics, their very own delivery and supply chain partner, they keep spreading their wings further into the retail world, always coming up with new ideas and reaching out even more!
Anantha Nageswaran is the chief editor and writer at TheBusinessBlaze.com. He specialises in business, finance, insurance, loan investment topics. With a strong background in business-finance and a passion for demystifying complex concepts, Anantha brings a unique perspective to his writing.
