What is Flipkart and How does it Work and Revenue of Flipkart?
Flipkart is a popular Indian company that deals with e-commerce. Flipkart deals in electronic goods and other products such as furniture, stationery, etc. Flipkart has used several different mediums for advertising, but the most efficient so far have been TVC’s which have become quite popular among Flipkart customers. Flipkart competitors are Amazon and Snapdeal.
Flipkart was founded in 2007 by Sachin Bansal and Binny Bansal. Flipkart used to be just an online bookstore earlier, before venturing into the electronic merchandise sector. Flipkart made its first mark in history when it received funding from Accel partners in 2009. The funding of $1million allowed Flipkart to grow faster than ever and eventually, Flipkart became the biggest online retailer in India. Flipkart is an e-commerce company that sells goods and services online to customers in India. Flipkart has a wide range of products on offer that includes both Indian and international brands.
Flipkart also offers its customers the option to pay for their products through cash on delivery, debit/credit cards, net banking, or through Flipkart’s own wallet, called ‘Flipkart Money. Flipkart also offers a return policy for products that are bought from it. Flipkart has a customer base of over 100 million people and employs more than 33,000 people.
How many countries is Flipkart available in?
Flipkart is available in 10 countries –
2. United Stateshe
3. United Kingdom
What are Flipkart’s delivery charges?
There is no delivery charge for products that are bought from Flipkart. However, there may be a delivery charge for products that are bought from Flipkart’s international websites. The amount of the delivery charge will be mentioned on the product page of the website.
How does Flipkart work?
When a customer wants to buy a product from Flipkart, they visit Flipkart’s website or app and search for the product that they want to buy. Once they have found the product.
Flipkart was started by Sachin Bansal and Binny Bansal. Flipkart has its headquarters in Bangalore, Karnataka. Flipkart incurs a huge amount of revenue from the sale of its various products which is used to hire more employees and to invest further in Flipkart’s business model. Flipkart also gives a small percentage of its profits back to school children who need help getting an education.
Flipkart works on a marketplace model where multiple sellers can sell their products to Flipkart customers using Flipkart for all their transactions. Flipkart guarantees safe delivery of products from itself as well as assures good after-sales service with every product sold from its website.
What is the revenue of Flipkart in 2021?
Flipkart revenue is projected to be $15.69 billion by 2021.
How does Flipkart make money?
Flipkart makes money in a number of ways including earning a commission from every sale made on Flipkart’s website and Flipkart also earns a small percentage from the seller who is selling their products on Flipkart. Flipkart has a total of 33,000 employees as announced in this article where The Economic Times has cited Flipkart co-founder Binny Bansal as also announcing that Flipkart is now looking to hire 10,000 more people to its team.
In addition to hiring new employees for expanding its business model, Flipk wants the young generation to join art was founded in 2007 by Sachin Bansal and Binny Bansal. Flipkart was initially started as an online book store but later expanded to include other products such as electronics, clothes, books, and more. Flipkart is headquartered in Bengaluru, Karnataka.
Flipkart was the first Indian company to be valued at $1 billion in 2014. Flipkart was also the first Indian company to raise funds from foreign investors in 2015. Flipkart is currently the most valuable Internet company in India. Flipkart has been involved in a few controversies over the years. In 2013, Flipkart was accused of violating FDI rules by selling products from companies in which it had no ownership stake.