JUST STARTED WITH AN INVESTMENT OF 4 LAKHS,IT HAS PRODUCE A $100 MILLION REVENUE AND BECOME A ONLINE RETAIL MAMMOTH IN JUST HALF A DECADE.
“Now thats what i call a performance” made by this website breaking all records.
As we all know that that flipkart is one of the most trusted Online Shopping site in india and produce largest revenue
as an indian site.
flipkart was founded and started by 2 Ex IITians Mr.Sachin Bansal right of the image and Mr.Binny Bansal now Known as Bansal brother’s and both were initially employees at amazon.com.
2007 Flipkart founded by bansal’s brother both are Ex IITians.
2008 Initial investment of 4 lakh rupees by them.
2009 Receive first tranche of 50 lakh venture capital funding from Accel partners.
2010 Tiger Global Management a private equity player infuses $10 million.
2011 CAGR of 700% year on year.
2012 set to shore in $100 million in revenue.
2013 Planing to cross $1 billion mark in revenue.
AT ITS GLANCE:-
1 As per Alexa ranking,Ranks in top 30 country websites.
2 More than 9 million book titles to chose form customer base,
30,000 shipment on daily bases.
To achieve revenur target of $1 billion by 2015.