Flipkart Parent Organization: When it comes to online shopping in India, the preferred choice of millions is Flipkart. If you reside in India, chances are you’ve either used Flipkart’s online marketplace or, at the very least, heard of its existence. Curious whether Flipkart is a foreign entity like Amazon? Well, it turns out that Flipkart is indeed an Indian company, established in 2007. For those eager to delve deeper into this fascinating company, let’s explore its history and ownership.
Key Insights into Flipkart’s Corporate Information
| 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 Flipkart Parent Organization
In 2007, two bosom buddies, Sachin Bansal and Binny Bansal, kickstarted Flipkart in the vibrant city of Mumbai. Much like Jeff Bezos’ initiation of Amazon in 1994 with book sales, Flipkart began its journey with book sales in India and quickly gained popularity. Within a year, they were dispatching 100 book orders daily, marking only the beginning of Flipkart’s ambitious aspirations.
When it comes to ownership, Flipkart has a blend of local and global stakeholders. Although proudly an Indian company, a substantial 80.5% is owned by the American retail giant Walmart. Additionally, other prominent names such as Tencent, Tiger Global, and Microsoft hold shares in the company. Nevertheless, irrespective of ownership, Flipkart remains inherently Indian in its essence and operations.
Current Status of Flipkart in the Country
Back in 2017, Flipkart dominated the Indian e-commerce landscape, securing a significant 39.5% market share. Competing mainly against Amazon India and Snapdeal, Flipkart made strategic moves like acquiring Myntra, making it a go-to destination for fashion enthusiasts. So, the next time you’re scouring the internet for the perfect outfit, chances are you’re exploring Flipkart’s vast inventory.
Flipkart didn’t stop there; it extended a friendly wave to other ventures. Initiatives like Flipkart Wholesale, a digital marketplace for businesses, and eKart Logistics, their in-house delivery and supply chain partner, showcase their continuous expansion into the retail world. With innovative ideas and outreach efforts, Flipkart continues to evolve and broaden its influence in the Indian market.
