History of Flipkart
Flipkart was founded in 2007 by Sachin Bansal and Binny Bansal, former Amazon employees, as an online bookstore in India. The company quickly expanded into various product categories, including electronics, fashion, and home essentials. Its success was fueled by innovative strategies such as cash on delivery, easy returns, and deep discounts, making it one of India's leading e-commerce platforms.
By 2018, Flipkart had grown significantly, competing with global giants like Amazon. That year, Walmart acquired a 77% stake in Flipkart for $16 billion, marking one of the largest e-commerce deals in history. Under Walmart’s ownership, Flipkart continued to expand, focusing on grocery, fintech, and supply chain innovations. Today, it remains a dominant player in Indian e-commerce, catering to millions of customers across the country.