A Brief Look at Flipkart

1097 Words Feb 24th, 2018 4 Pages
The company was founded in 2007 by Sachin Bansal and Binny Bansal, both were the alumni of the Indian Institute of Technology Delhi. The company headquarters is located in Bangalore, Karnataka. Filpkart Online Services Pvt. Ltd was formally incorporated as a firm in October 2008. This is the company which made online shopping famous in India. According to Alexa Traffic Ranks, filpkart is in 10 rank in India and globally it is in 143 rank. Flipkart first started selling books in its initial period and later it started to sale products like electronic items, air conditioner, air coolers, mobile phones and laptops etc. It also offered stationery items, life style products and e-books. Flipkart has launched its own product range under the name of “DigiFlip” offering camera bags, pen-drives, headphones etc. A book “Leaving Microsoft To Change The World” is the initial product traded by flipkart. The payment methods opted by them are cash on delivery, online payment through credit or debit cards. Further analysis about the initial investments, sources of funding and the entrepreneurial life cycle of Flipkart is showed in my report. Entrepreneurial Life Cycle - A Brief Overview:
Entrepreneurial life cycle is a series of stages in the survival of a business, from its scratch till present. This life cycle helps the entrepreneur to work in a systematic way and helps him to arrange the rite amount…

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