Flipkart Net Worth 2021: Income, Revenue, Top Share Holders

Flipkart Net Worth is $37.6 billion: Flipkart is an e-commerce website and app which may be easily employed by anyone. it had been launched way back in 2007 as a web book-selling platform. Although with time the corporate has evolved and began selling a spread of products like clothes, electronics, home and kitchen products, etc. Flipkart was founded by Sachin Bansal and Binny Bansal. Recently the American giant, Walmart bought the utmost shares of the corporate .

Flipkart has its main headquarters situated in Bangalore, Karnataka. However the corporate first came into production in Singapore, so it’s referred to as its legal domicile. In recent times, Flipkart has seen a huge hike in its uses and customers registration. There are many Indians who use the app or its website to order a spread of things of their choice.

A few years ago, Flipkart has bought the style eCommerce company Myntra. Flipkart has also launched its UPI payment company named Phonepe. There are many other services that Flipkart provides, which makes it even more successful and famous.

Flipkart Net Worth

Flipkart is India’s biggest e-commerce platform and it’s the very best percentage of involvement within the Indian market. Flipkart features a hold of around 37% of the Indian market with its e-commerce services. Flipkart sells almost everything from its application and also from its website. the most rival of Flipkart in India is Amazon. Flipkart has not disclosed the precise amount of its wealth, but it’s a market price of around $37.6 billion, which is sort of an enormous number.

Inception

Flipkart was founded in 2007 by Sachin Bansal and Binny Bansal. Sachin and Binny were the alumni of Indian Institute of Technology Delhi. they need also worked for an extended time in Amazon as its employees. Flipkart was wont to be a web bookselling platform, which provides online delivery of your required book to anywhere in India, with none delivery charges. Once the corporate began to grow and it made a big amount of cash , Sachin Bansal and Binny Bansal bought WeRead from lulu.com

WeRead was basically a social book discovery service that was situated in Bangalore, Karnataka. They made it their headquarters and began providing a spread of things from Flipkart. As soon because it started making an enormous amount of profits, the costs of its shares became quite costly. Many big companies started showing their interest in it. it had been the start of Flipkart.

Evolution

As Flipkart was growing more and more every day , the corporate began to buy take its position within the market even more strongly. Flipkart acquired one among India’s biggest online apparel stores Myntra in 2014. Though Myntra still runs as a private company, it’s most of its shares sold to Flipkart. They together are running very successfully. Later, Flipkart joins hands with eBay India, and eBay said that they’re going to sell there products through Flipkart. they need also invested a complete of $500 million in Flipkart.

Flipkart also launched its UPI payments app Phonepe, which is India’s first UPI payments app. it’s mostly in use and is sort of fashionable everyone. Flipkart sells a spread of products now, which too at a really low price, as compared to the other .

Since Walmart bought most of the shares of Flipkart in 2018, the company’s performance has increased even more. Now, Flipkart is additionally selling groceries and a spread of various products. you’ll buy flight tickets and may do far more stuff in there.

Awards & Achievements

As a private company, there aren’t many awards available, except for the founders and owners of the corporate , there are a spread of awards available. Like, Sachin Bansal and Binny Bansal won the entrepreneur of the year in 2012-2013 by the Economic Times. they need also been listed within the list of “100 most influential people of the world”. they need also entered into the rich list of Forbes.

Conclusion

So, to conclude, we will say that Flipkart has seen its share of excellent and bad days, and currently, it’s having its best time within the Indian market. Running as India’s biggest e-commerce website, Flipkart is making an enormous statement for itself. Being in direct competition with American giant Amazon, Flipkart is doing quite well to carry its ground, actually, it’s doing better on some occasions. Its acceptance is sort of surreal, as we Indians don’t believe something so easily, you know.