The service competes primarily with Amazon
's Indian subsidiary and domestic rival Snapdeal
As of March 2017, Flipkart held a 39.5% market share of India's e-commerce industry.
Flipkart has a dominant position in the apparel segment, bolstered by its acquisition of Myntra
, and was described as being "neck and neck" with Amazon in the sale of electronics and mobile phones
Flipkart also owns PhonePe
, a mobile payments
service based on the Unified Payments Interface
In August 2018, U.S.-based retail chain Walmart
acquired an 77% controlling stake in Flipkart for US
$16 billion, valuing Flipkart at around $20 billion.
Flipkart logo used from 2007 to 2015
Partnerships and acquisitions
With its eyes on India's retail market, Flipkart acquired Letsbuy, an online electronics retailer,
in 2012, and Myntra
, an online fashion retailer, for $280 million in May 2014.
Myntra continues to operate alongside Flipkart as a standalone subsidiary focusing on separate market segments.
In April 2015, Flipkart acquired Appiterate, a Delhi
-based mobile marketing
automation firm. Flipkart stated that it would use Appiterate's technology to enhance its mobile services.
In December 2015, Flipkart purchased a minority stake in the digital mapping provider MapmyIndia
In 2016, Flipkart acquired the online fashion retailer Jabong.com
from Rocket Internet
for $70 million and the UPImobile payments
In January 2017, Flipkart made a $2 million investment in TinyStep
, a parenting information startup.
Flipkart invested $35 million in Arvind Fashions Limited's newly formed subsidiary Arvind Youth Brands for a 27% stake in the company. Arvind Youth Brands owns Flying Machine.
In April 2017, eBay
announced that it would sell its Indian subsidiary
, eBay.in, to Flipkart and invest $500 million in the company. While eBay suggested that the partnership would eventually allow Flipkart to access eBay's network of international vendors, these plans never actually came to fruition.
In July 2017, Flipkart made an offer to acquire its main domestic competitor, Snapdeal
, for $700–800 million. It was rejected by Snapdeal, which was seeking at least $1 billion.
Flipkart invested $4 million in the customer engagement and rewards platform EasyRewardz on 19 November 2019.
In February 2014, Flipkart partnered with Motorola Mobility
to be the exclusive Indian retailer of its Moto G
Motorola also partnered with Flipkart on the Moto E
, a phone targeted primarily towards emerging markets such as India. High demand for the phone following its midnight launch on 14 May caused the Flipkart website to crash.
Flipkart subsequently held exclusive Indian launches for other smartphones, including the Xiaomi Mi 3
in July 2014 (whose initial release of 10,000 devices sold out in around 5 seconds),
the Redmi 1S
and Redmi Note
in late 2014,
Yunique 2 in 2017.
Flipkart held a 51% share of all Indian smartphone shipments in 2017, overtaking Amazon India (33%).
On 6 October 2014, in honor of the company's anniversary and the Diwali
Flipkart held a major sale that it promoted as "Big Billion Day". The event generated a surge of traffic, selling $100 million worth of goods in 10 hours. The event received criticism via social media
over technical issues the site experienced during the event and stock shortages.
In October 2015, Flipkart reprised the Big Billion Day event as a multi-day event exclusive to the Flipkart app. Flipkart bolstered its supply chain and introduced more fulfillment centers to meet customer demand.
Flipkart achieved a gross merchandise volume
of $300 million during the event, with the largest volumes coming from fashion sales and the largest value coming from mobiles.
In 2017, Flipkart sold 1.3 million phones in 20 hours on 21 September in its Big Billion Days promotion, doubling the number sold on the first day of the same event in 2016.
In March 2015, Flipkart blocked access to its website on mobile devices and began requiring that users download the site's mobile app
instead. The following month, Myntra
went further and discontinued its website on all platforms, operating exclusively through its app. The "app-only" model, however, proved to be unsuccessful for Myntra, reducing its sales by 10%, and its main website was reinstated in February 2016. The experiment with Myntra led to rumors that Flipkart itself would perform a similar move, but the company did not follow suit. In November 2015, Flipkart launched a new mobile website branded as "Flipkart Lite" that provides an experience inspired by Flipkart's app and runs in smartphone web browsers.
Acquisition by Walmart
On 4 May 2018, it was reported that the US retail chain Walmart
had won a bidding war with Amazon to acquire a majority stake in Flipkart for $15 billion.
On 9 May 2018, Walmart officially announced its intent to acquire a 77% controlling stake in Flipkart for $16 billion.
Following the purchase, Flipkart co-founder Sachin Bansal left the company. The remaining management team now reports to Marc Lore
of Walmart eCommerce US.
Walmart president Doug McMillon
cited the "attractiveness" of the market, explaining that their purchase "is an opportunity to partner with the company that is leading transformation of eCommerce in the market".
Indian traders protested against the deal, considering the deal a threat to domestic business.
In a filing with the U.S. Securities and Exchange Commission
on 11 May 2018, Walmart stated that a condition of the deal prescribed the possibility that Flipkart's current minority shareholders "may require Flipkart to effect an initial public offering
following the fourth anniversary of the closing of the transactions at a valuation no less than that paid by Walmart".
Following the announcement of Walmart's deal, eBay announced that it would sell its stake in Flipkart back to the company for approximately $1.1 billion and relaunch its own Indian operations. The company stated that "there is the huge growth potential for e-commerce in India and significant opportunity for multiple players to succeed in India's diverse, domestic market."Softbank Group
also sold its entire 20% stake to Walmart without disclosing terms of the sale.
The acquisition was completed on 18 August 2018. Walmart also provided $2 billion in equity funding to the company.
On 13 November 2018, Flipkart CEO Binny Bansal
resigned after facing an allegation of "serious personal misconduct". Walmart stated that "while the investigation did not find evidence to corroborate the complainant's assertions against Binny, it did reveal other lapses in judgment, particularly a lack of transparency, related to how Binny responded to the situation."
According to a report in November 2014, Flipkart was operating through a complex business structure that included nine firms, some registered in Singapore and some in India. In 2012, Flipkart co-founders sold WS Retail to a consortium of investors led by Rajeev Kuchhal.
Flipkart's Indian entities are owned by Flipkart Pvt. Ltd, which is registered in Singapore. The Singapore-registered entity owns eight Indian companies, including Flipkart Internet Pvt. Ltd, the company that runs the e-commerce marketplace Flipkart.com, Flipkart India Pvt. Ltd, the wholesale business, and Flipkart Logistics Pvt. Ltd, which runs Ekart
The initial development budget of Flipkart was INR
It later raised funding from venture capital firms Accel India
(receiving US$1 million in funding in 2009)
and Tiger Global
(US$10 million in 2010 and US$20 million in June 2011).
On 24 August 2012, Flipkart announced the completion of its 4th round of funding, netting a total of US$150 million from MIH (part of the Naspers
Group) and ICONIQ Capital. The company announced on 10 July 2013 that it had raised an additional US$200 million from existing investors, including Tiger Global, Naspers, Accel Partners
and Iconiq Capital.
Flipkart's reported sales were ₹40 million (US$560,000) in the FY
₹200 million (US$2.8 million) in the FY 2009–2010
and ₹750 million (US$11 million) in the FY 2010–2011.
On 26 May 2014, Flipkart announced that it had raised US$210 million from Yuri Milner
's DST Global
and its existing investors Tiger Global, Naspers, and Iconiq Capital.
On 29 July 2014, Flipkart announced that it raised US$1 billion
from Tiger Global, Accel Partners, Morgan Stanley Investment Management, and a new investor, Singaporean sovereign-wealth fund GIC
In December 2014, after it received $700 million from another round of funding, Flipkart had a market cap of $11 billion.
On 20 December 2014, Flipkart announced its filing application with Singapore-based company regulator ACRA to become a public company. This announcement came after the company received $700 million in long-term strategic investments from more than 50 Indian investors. The $700 million in funding raised by Flipkart added new investors to the company's board, including Baillie Gifford, Greenoaks Capital, Steadview Capital, T. Rowe Price Associates, and Qatar Investment Authority. Its existing investors DST Global, GIC, ICONIQ Capital and Tiger Global also participated in this financing round.
As of May 2015, Flipkart had raised $550 million in additional funding from its existing investors in a deal that raised its total valuation to $15 billion.
By August 2015, after raising another US$700 million, Flipkart had raised a total of $3 billion over 12 rounds of funding from 16 major investors.
In April 2017, Flipkart underwent another round of funding, receiving $1.4 billion in funding from investors including eBay
, and Tencent
On 10 August 2017, Softbank Vision Fund invested another US$2.5 billion in Flipkart.
On 19 September 2018, Flipkart Marketplace Singapore infused ₹3,463 crore into Flipkart Internet. The transaction was done in two tranches, according to regulatory filings.
Regulatory action and lawsuits
In January 2016, a public interest litigation hearing came up accusing Flipkart of contravention of foreign investment norms. The court asked the Reserve Bank of India
to provide the latest circular on foreign investment policy.
The same month, the Department of Industrial Policy and Promotion (DIPP) clarified that it did not recognize the marketplace model of online retail.
In February 2016, Health Minister J P Nadda
announced that the Maharashtra FDA had taken action against Flipkart, among others, for selling drugs without a valid license.
Flipkart operates several house brands
, including Citron
(home appliances) and Digiflip (formerly for electronics and accessories).
In 2017, Flipkart launched additional house brands, including Billion (smartphones),
Smartbuy (electronics accessories, effectively replacing Digiflip),
and MarQ (for large appliances, although its launch was complicated by a trademark dispute with an existing company, Marc Enterprises).
In 2019, Flipkart began selling Nokia
-brand televisions. A 55-inch, Android TV
-based 4K Smart TV was the first product released under that licensing agreement.
A 43-inch TV was unveiled on 4 June 2020.
Flipkart launched an in-app streaming service called Flipkart Video
in August 2019, so as to compete with industry rivals like Amazon
who were also offering premium video
options. The initial line up of content was curated from the service providers like Viu
Flipkart Video Originals
To strengthen its content offering on Flipkart Video
, Flipkart forayed into original content production, known as Flipkart Video Originals
. The first show was launched on 19 October 2019. Named Back Benchers,
it was a Bollywood
celebrity quiz show hosted by Farah Khan
On 13 September 2014, a Flipkart deliveryman allegedly molested a housemaid in Hyderabad
The housemaid's employer sued Flipkart for this incident, citing the need for regulations to make offline delivery services safer.
In April 2015, Flipkart faced criticism for being a launch partner in the Airtel Zero
program. Critics alleged that the zero-rating
scheme violated the principles of net neutrality
. Flipkart later pulled out of the project.
In 2015, around 400 delivery executives working with eKart
, the logistics arm of Flipkart, went on strike
to protest poor working conditions. Complaints included seven-day workweeks, extended hours, and a lack of clean toilets and medical assistance for bike riders involved in accidents.
In 2016, delivery executive Nanjunda Swamy was murdered by a customer who did not have enough money to pay for a product.
In response, Flipkart launched a safety initiative -'Project Nanjunda', named after the deceased executive. This included an SOS button in the mobile app (called the Nanjunda button) that could be used by field executives in case of emergencies.
Vendors on Flipkart have faced several challenges while doing business on the company's marketplace, to the extent that some of them have quit the portal. Some of these challenges include Flipkart's alleged unfair policies towards sellers, the lack of a competent logistics service, and customer returns that are a result of consumer fraud
Awards and recognition
- ^ "Flipkart adds Tamil, Telugu and Kannada to its platform". The New Indian Express.
- ^ "Walmart raises stake in Flipkart to 77%".
- ^ Nelly, Jacob (21 November 2018). "Walmart raises equity holding in Flipkart to 81% after leadership upheaval". International Business Times.
- ^ "Kalyan Krishnamurthy to be Flipkart's new CEO; Sachin Bansal to remain group chairman". The Economic Times. 10 January 2017.
- ^ "Flipkart's FY19 revenue up 42% to Rs 43,615 crore". The Economic Times. Retrieved 2 November 2019.
- ^ "Flipkart to sack 800 more amidst gloomy biz outlook". The Hindu. 9 September 2016.
- ^ "Did you know- why Flipkart is registered in Singapore??". 9to5NET.
- ^ "Walmart Is Right on Flipkart Despite Investor Qualms". Bloomberg.com. 9 May 2018. Retrieved 11 May 2018.
- ^ Punit, Itika Sharma. "Snapdeal may die a slow and painful death". Quartz. Retrieved 11 May 2018.
- ^ "This Is Why Amazon Hasn't Beaten Flipkart In India Yet". Bloomberg Quint. Retrieved 23 March 2018.
- ^ Tandon, Suneera. "Why Walmart bought Flipkart, according to Walmart". Quartz. Retrieved 13 May 2018.
- ^ "Walmart and Flipkart Announce Completion of Walmart Investment in Flipkart, India's Leading Marketplace eCommerce Platform". 18 August 2018. Retrieved 14 June 2019.
- ^ "Flipkart goes for fashion branding". The Times of India. Retrieved 5 October 2013.
- ^ "Flipkart co-founder likely to quit after Walmart takeover". The Times of India. 4 May 2018.
- ^ Geetika Rustagi (4 August 2010). "Now order your next mobile on Flipkart". Livemint. Retrieved 19 August 2010.
- ^ "Flipkart's first customer almost didn't get his book". The Times of India. Retrieved 11 May 2018.
- ^ "Flipkart Buys Social Book Discovery Tool WeRead". VCCircle. 22 December 2010. Retrieved 10 May 2018.
- ^ Nikhil Pahwa. "Flipkart Acquires Mime360; To Launch Digital Distribution of Music, E-books, Games". medianama.com. Retrieved 14 October 2011.
- ^ "Updated: Flipkart Acquires Bollywood Site Chakpak's Digital Catalogue; Inline With Digital Downloads?". MediaNama. 25 November 2011. Retrieved 11 February 2018.
- ^ Lal, Abhinav (24 February 2012). "Flipkart to launch 'Flyte Digital Store' in March". Digit. India: 9.9 Media. Retrieved 27 February 2012.
- ^ "Exclusive: Flipkart to Shutdown Flyte MP3 Store; To Exit Digital Music Business". NextBigWhat. Retrieved 29 May 2013.
- ^ "Flyte MP3 Store Shutting Down". ThinkDigit. Retrieved 29 May 2013.
- ^ "Why Flipkart Shut Down Flyte Music". Medianama. Retrieved 29 May 2013.
- ^ "Flipkart Buys Letsbuy in Cash-Equity Deal". Business Standard. 11 May 2012. Retrieved 9 February 2012.
- ^ "Big deal: Flipkart acquires online fashion retailer Myntra". The Indian Express. Retrieved 22 May 2014.
- ^ Sen, Anirban (9 January 2018). "Flipkart fashion business catches up with Myntra". Livemint. Retrieved 13 May 2018.
- ^ "Flipkart acquires mobile marketing firm Appiterate". The Economic Times. 30 April 2015. Retrieved 10 May 2018.
- ^ Dalal, Mihir (3 December 2015). "Flipkart buys stake in MapmyIndia to improve delivery operations". Mint. Retrieved 10 May 2018.
- ^ "Flipkart-owned Myntra acquires fashion and lifestyle site Jabong". Hindustan Times. 26 July 2016. Retrieved 10 May 2018.
- ^ "Flipkart acquires UPI-based payments start-up PhonePe". Mint. 4 April 2016.
- ^ "Flipkart backs parenting network TinyStep with $2 million investment". TechCrunch. Retrieved 10 May 2018.
- ^ Balram, Smita; Shrivastava, Aditi. "Flipkart to invest Rs 260 crore in Arvind Fashions' arm". The Economic Times. Retrieved 19 July 2020.
- ^ "Flipkart Wholesale launches digital platform for kiranas, MSMEs". mint. 2 September 2020. Retrieved 7 January 2021.
- ^ "How will Flipkart and Aditya Birla Fashion Retail deal benefit both entities?". Moneycontrol. Retrieved 24 October 2020.
- ^ "India's Flipkart buys $204 million stake in Aditya Birla Fashion and Retail". TechCrunch. Retrieved 24 October 2020.
- ^ a b "eBay to sell stake in Flipkart for about $1.1 billion, to relaunch eBay India". The Economic Times. 10 May 2018.
- ^ "Why eBay's CEO sold eBay India and poured $500 million into the country's top Amazon rival". Recode. Retrieved 10 May 2018.
- ^ SN, Vikas (10 April 2017). "Flipkart raises $1.4Bn from Tencent, eBay & Microsoft at $11.6Bn valuation, acquires eBay India". The Economic Times. Retrieved 20 April 2017. Puneet
- ^ Shrivastava, Aditi (29 August 2019). "Flipkart partners with Authentic Brands to license and distribute Nautica in India". The Economic Times.
- ^ "Flipkart invests in EasyRewardz - Times of India". The Times of India. Retrieved 20 November 2019.
- ^ www.ETtech.com. "Flipkart invests in customer rewards platform EasyRewardz - ETtech". ETtech.com. Retrieved 20 November 2019.
- ^ "Launch: Flipkart brings Motorola's 'Moto G' to India, prices it at Rs 12,499". The Indian Express. 5 February 2014. Retrieved 11 May 2018.
- ^ Singhal, Nidhi (14 May 2014). "Flipkart server crashes as Motorola Moto E goes on sale". Business Today. Retrieved 10 June 2014.
- ^ Aulakh, Gulveen (30 July 2014). "Xiaomi's Mi3 sold out in 5 seconds, says Flipkart". The Economic Times. Retrieved 11 May 2018.
- ^ "40,000 Redmi 1S Smartphones Gone in 3.4 Seconds: Xiaomi". Gadgets.ndtv.com. Retrieved 18 February 2015.
- ^ "60,000 Redmi 1S Smartphones Go Out of Stock in 5.2 Seconds: Xiaomi". Gadgets.ndtv.com. Retrieved 18 February 2015.
- ^ "60,000 Redmi 1S Phones Go Out of Stock in 13.9 Seconds, Says Xiaomi". Gadgets.ndtv.com. Retrieved 18 February 2015.
- ^ "50,000 Redmi Note handsets sold out in 6 seconds". Deccan Chronicle. Retrieved 18 February 2015.
- ^ "Yu Yunique 2 launched at Rs. 5999 on flipkart exclusively". Retrieved 25 July 2017.
- ^ "Flipkart 'beats' Amazon in m-sales". The Times of India. Retrieved 11 May 2018.
- ^ "Why Flipkart chose today for its Big Billion Day sale". Economic Times. Retrieved 29 June 2018.
- ^ "Flipkart Big Billion Day Sale Riddled With Problems". NDTV Gadgets360.com. Retrieved 10 May 2018.
- ^ "'Big Billion Day' sale gets Flipkart millions of unhappy customers". The Indian Express. 6 October 2014. Retrieved 10 May 2018.
- ^ Flipkart sells goods worth $100 million in 10 hours, backlash on social media. The Economic Times. Retrieved 8 October 2014.
- ^ Flipkart hosts biggest ever sale, website crashes. The Times of India. Retrieved 8 October 2014.
- ^ "Flipkart Big Billion Days Sale to Be App-Only, Start October 13". NDTV Gadgets360.com. Retrieved 10 May 2018.
- ^ "Flipkart 'Big Billion Days' sale does $300 million GMV in business". The Financial Express. 19 October 2015. Retrieved 10 May 2018.
- ^ Punit, Itika Sharma. "In 20 hours, Flipkart sold a record-breaking 1.3 million smartphones". Quartz. Retrieved 11 May 2018.
- ^ "Myntra to Shut Down Website, Go App-Only on May 15". NDTV Gadgets360.com. Retrieved 13 May 2018.
- ^ Karrishma Modhy (20 May 2015). "Will Myntra's move away from desktop cause its downfall? apart from this they have a strong appeal amongst smartphone users with this new approach". Tech.firstpost.com/. FirstPost. Retrieved 21 May 2015.
- ^ Besta Shankar (21 May 2015). "Myntra Sees 10% Drop in Sales After Moving to App-only Format". International Business Times. Retrieved 21 May 2015.
- ^ "Flipkart drops its plan to go app-only". The Times of India. Retrieved 23 May 2018.
- ^ "Myntra no longer app only, brings back mobile site to woo customers". The Economic Times. Retrieved 16 February 2016.
- ^ Purnell, Newley; Bellman, Eric; Abrams, Corinne (7 May 2018). "Walmart Bets $15 Billion on an E-Commerce Passage to India". The Wall Street Journal. ISSN 0099-9660. Retrieved 7 May 2018.
- ^ Browne, Ryan (4 May 2018). "Walmart reportedly triumphs over Amazon with approval of $15 billion deal for majority stake in Flipkart". CNBC. Retrieved 7 May 2018.
- ^ Bansal, Varsha; Chanchani, Madhav (12 May 2018). "Walmart can invest another $3 billion in Flipkart at the same valuation". The Economic Times. Retrieved 15 May 2018.
- ^ "Sachin Bansal to sell entire 5.5% to Walmart as he exits Flipkart - Times of India". The Times of India. Retrieved 9 July 2018.
- ^ "Walmart wins battle for India's Flipkart". BBC News. 9 May 2018. Retrieved 9 May 2018.
- ^ "Walmart acquires Flipkart for $16 bn, world's largest ecommerce deal". The Economic Times. 9 May 2018. Retrieved 9 May 2018.
- ^ "Indian traders protest $16 billion Walmart-Flipkart deal". Indian traders protest $16 billion Walmart-Flipkart deal (in Turkish). Retrieved 4 July 2018.
- ^ Sen, Anirban (14 May 2018). "Walmart has long-term plans for Flipkart, an IPO isn't one of them". Livemint. Retrieved 14 May 2018.
- ^ "Walmart's deal to buy Flipkart came with an interesting caveat". TechCrunch. Retrieved 14 May 2018.
- ^ "SoftBank is selling its entire Flipkart stake to Walmart". CNBC. 22 May 2018. Retrieved 23 May 2018.
- ^ "Walmart completes deal to acquire 77% stake in Flipkart, to invest $2 billion". The Times of India. Retrieved 18 August 2018.
- ^ Sen, Anirban (18 August 2018). "Walmart completes deal to buy Flipkart for $16 billion". Livemint. Retrieved 12 November 2018.
- ^ Iyengar, Rishi. "Setback for Walmart: Flipkart CEO resigns after misconduct investigation". CNN. Retrieved 21 November 2018.
- ^ "Binny Bansal resigns from Flipkart on charges of 'personal misconduct': A case of opportunism on Walmart's part?". Firstpost. Retrieved 21 November 2018.
- ^ Verma, Shrutika. "Inside Flipkart's complex structure". livemint.com. Retrieved 28 February 2016.
- ^ Laskar, Anirudh (7 December 2020). "Walmart readies for $10 bn Flipkart IPO". mint. Retrieved 7 December 2020.
- ^ Archana Rai (30 June 2010). "Flipkart: Country's largest online bookstore". The Economic Times. Retrieved 19 August 2010.
- ^ Sengupta, Snigdha. "Is Accel Eyeing a 25X Partial Exit From Flipkart? : STARTUPCENTRAL". Startupcentral.in. Retrieved 5 October 2013.
- ^ Sinha. "Accel India Invests in Flipkart". pluggd.in. Archived from the original on 19 August 2011. Retrieved 25 August 2011.
- ^ "Flipkart Raises $150Mn From Accel Partners, Tiger Global". 31 January 2012. Archived from the original on 13 April 2012. Retrieved 5 May 2012.
- ^ Sudipta Datta; Suman Tarafdar (7 February 2010). "A Tale of Two Book Fairs". The Financial Express. Retrieved 19 August 2010.
- ^ "Inlogistics: India's first private train cargo operator". CNBC-TV18. 18 March 2010. Retrieved 19 August 2010.
- ^ Jayadevan PK. "Flipkart Raises Fresh $200 mn from Existing Investors Tiger global, Naspers & Others". NextBigWhat.
- ^ "Cash on delivery". Business Standard. 19 July 2010. Retrieved 19 August 2010.
- ^ Dua, Aarti (28 February 2010). "A winning chapter". The Daily Telegraph. Calcutta, India. Retrieved 19 August 2010.
- ^ "Bibliofile:A Garage Takes Off". Outlook. 22 March 2010. Archived from the original on 30 October 2010. Retrieved 19 August 2010.
- ^ "Flipkart may launch online marketplace on its website". Business Standard. Retrieved 23 July 2013.
- ^ "Flipkart India Reports Loss of Rs. 281.7 Crore". Hindustan Times – via Highbeam (subscription required). 19 December 2013. Archived from the original on 29 March 2015. Retrieved 31 January 2015.
- ^ "Flipkart raises $160 mn in latest funding drive". Moneycontrol.com. Retrieved 18 February 2015.
- ^ "Flipkart raises $160M more from Morgan Stanley, Vulcan Capital, Tiger Global, others". VCCIRCLE.
- ^ Vikas SN (9 October 2013). "Flipkart Raises $160M From Dragoneer Investment, Morgan Stanley Investment & Others". MediaNama. Retrieved 25 October 2013.
- ^ "Flipkart valued at roughly `9,900 crore, says MIH India". Livemint. 26 November 2013. Retrieved 27 November 2013.
- ^ Rajat Agrawal. "Flipkart raises $210 million in financing round led by DST Global". BGR.in. Retrieved 18 February 2015.
- ^ "Flipkart raises $1 billion from investors". Indiasnaps.com. Retrieved 18 February 2015.
- ^ Dhanya Ann Thoppil. "India's Flipkart Raises $1 Billion in Fresh Funding". The Wall Street Journal. Retrieved 18 February 2015.
- ^ "Flipkart now has market cap of $11 billion". Business Standard. 23 December 2014. Retrieved 18 February 2015.
- ^ Flipkart files an application to become public, raises 700 million dollars. The Times of India. Retrieved 20 December 2014.
- ^ Thoppil, Dhanya Ann (19 May 2015). "Flipkart Valued at $15 Billion After Latest Funding". The Wall Street Journal.
- ^ "August roundup: top 5 Indian startups and their investments". Hot Topics. Retrieved 2 November 2015.
- ^ Russell, Jon. "Flipkart raises $1.4 billion from eBay, Microsoft and Tencent at an $11.6 billion valuation". TechCrunch. Retrieved 10 April 2017.
- ^ "SoftBank Vision Fund Invests a Record $2.5 Billion in Flipkart". TechStory. 10 August 2017. Retrieved 10 August 2017.
- ^ Khatri, Bhumika (19 September 2018). "Ahead Of Festive Season Sale, Flipkart Infuses Marketplace Arm With $457.7 Mn". Inc42 Media.
- ^ ET Bureau. "Enforcement Directorate to probe Flipkart". The Times of India.
- ^ "Flipkart under ED scanner". The Hindu. Chennai, India. 28 November 2012.
- ^ "Flipkart office was raided by Enforcement Directorate on Nov 30th? [Updated]". NextBigWhat. Retrieved 28 February 2016.
- ^ "Flipkart case: ED finds FEMA violation, Rs 1,400 cr fine likely". The Indian Express. 20 August 2014. Retrieved 28 February 2016.
- ^ "Ecommerce companies like Flipkart, Amazon violated FDI Norms: Delhi High Court". timesofindia-economictimes. Retrieved 28 February 2016.
- ^ Mittal, Priyanka. "Delhi high court asks RBI to submit latest circular on FDI policy". livemint.com/. Retrieved 28 February 2016.
- ^ "Marketplace model of online retailers not under India's FDI policy: DIPP". International Business Times. Retrieved 28 February 2016.
- ^ www.ETRetail.com. "Action against Snapdeal, Amazon.com, Flipkart for selling medicines without licence | ET Retail". ETRetail.com. Retrieved 28 February 2016.
- ^ In house home appliance, Flipkart launches in house home appliance (9 September 2014). "Flipkart Launches in house home appliance, Personal health care brand Citron". The Economic Times.
- ^ "Flipkart Launches Its Own Home Appliances, Personal Healthcare Brand". NDTV Gadgets360.com. Retrieved 11 May 2018.
- ^ "Flipkart Billion Capture+ Smartphone Launched; Price Starts at Rs. 10,999". NDTV Gadgets360.com. Retrieved 11 November 2017.
- ^ "Flipkart SmartBuy Launched, Offers Self-Branded Chargers and Micro-USB Cables at Low Prices". NDTV Gadgets360.com. Retrieved 15 December 2017.
- ^ Bailay, Rasul (2018). "Flipkart can't use 'MarQ' till February 5". The Economic Times. Retrieved 11 May 2018.
- ^ "Nokia Smart TV 55". Flipkart India Private Limited. Retrieved 6 March 2020.
- ^ Cruze, Danny Cyril D. (4 June 2020). "Nokia unveils new 43-inch 4K Android Smart TV: Price, sale and other details". Livemint. Retrieved 4 June 2020.
- ^ "Flipkart rolls out video service on its Android app to take on Amazon Prime". India Today. Retrieved 19 October 2019.
- ^ "Flipkart joins OTT race: Launches video streaming service". Business Standard. Retrieved 19 October 2019.
- ^ "Flipkart to offer original video content". Live Mint. Retrieved 19 October 2019.
- ^ "Flipkart Video Originals Launched: Has Flipkart Got The Timing Right?". Inc42 Media. 15 October 2019. Retrieved 20 October 2020.
- ^ "Flipkart delivery boy molests maid in Hyderabad". Deccan Chronicle. 14 December 2014. Retrieved 15 December 2014.
- ^ "Women's safety: E-commerce companies need to do more to ensure quality of offline workforce". The Economic Times. 14 December 2014. Retrieved 15 December 2014.
- ^ Anand, Shambhavi; Malviya, Sagar (8 October 2014). "Future Group's Kishore Biyani, vendors accuse Flipkart of undercutting to destroy competition". The Economic Times. Retrieved 5 February 2019.
- ^ "Future Group's Kishore Biyani, vendors accuse Flipkart of undercutting to destroy competition". The Economic Times. 8 October 2014. Retrieved 18 February 2015.
- ^ "Centre to look into complaints against Flipkart sale". Business Line. 8 October 2014. Retrieved 18 February 2015.
- ^ "Big Billion Day sale cost Flipkart big; govt takes notice". Business Standard. 9 October 2014. Retrieved 18 February 2015.
- ^ "Flipkart Pulls Out of Airtel Deal Amid Backlash Over Net Neutrality". NDTV.com. Retrieved 5 February 2019.
- ^ "Logistics staff go on strike, Flipkart, Myntra in a fix". The Indian Express. 2 August 2015. Retrieved 9 July 2018.
- ^ "Flipkart Delivery Man Murdered For ₹12,000 Cellphone In Bengaluru". HuffPost India. 15 December 2016. Retrieved 9 July 2018.
- ^ Mitter, Sohini. "A month after delivery boy's murder, Flipkart launches new SOS feature". Mashable. Retrieved 9 July 2018.
- ^ Rebecca Menezes (25 November 2016). "Seller Interview – "We quit Flipkart 3 times due to missing products, order cancellations" Online seller Ravi Chopra shares why quitting Flipkart was needed".
- ^ "ET Awards 2012–13: How IIT-alumnus Sachin Bansal built Flipkart into a big online brand". The Economic Times. Retrieved 26 September 2013.
- ^ "Forbes India rich list: Mukesh Ambani tops for 9th year, Flipkart's Bansals debut at 86th slot". Firstpost. 24 September 2015. Retrieved 24 September 2015.
- ^ TIME 100 Titans – Binny Bansal and Sachin Bansal, Time, 21. April 2016
Last edited on 12 May 2021, at 08:57
Content is available under CC BY-SA 3.0
unless otherwise noted.