Flipkart: How did the youth selling books in 2 rooms in 11 years?

Two former American e-commerce company, Amazon, Sachin Bansal and Binny Bansal met in 2005 in Delhi's IIT. Both had done internships in Amazon. Both of them got the idea, after which in October 2007, the two invented a new company, Flipkart.

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New Delhi: Flipkart started as a startup to sell online books, but after 11 years, this company became a synonym for success by placing flags of achievements. Let us tell you that Wal-Mart, the world's largest retailing company, has bought 77% stake in Indian e-commerce company Flipkart for $ 16 billion (about Rs 1,07,662 crore).

How do Sachin and Binny Bansal meet?

Actually, two former employees of the e-commerce company, Amazon, Sachin Bansal and Binny Bansal met in 2005 in Delhi's IIT. Both had done internships in Amazon. Both of them got the idea, after which in October 2007, the two invented a new company, Flipkart.

The idea of ​​Flipkart, considered a leader of the successful new generation of the new generation, was how customers can buy books online through it. So how can these books be reached to their home.

Never started company

In the first year no one took this company seriously. People felt that this concept would not be able to go here where people believe in buying and selling everything. In the first year, the company got orders of only 20 consignments.

But despite the initial struggle of two years and three years, the company continued to run. 2010, the dice turned around for this company when it started selling other products along with electronics products and mobile etc. After this the company did not get time to look back. This day was a quadruple increase in the day and online shopping in India became synonymous with e-commerce.

Given his success, many other companies have also tried and managed in this field. In fact, India's e-commerce business market has grown to 30 billion dollars and by 2026, it is expected to grow to $ 200 billion.

In the way of success, Flipkart has invested from eBay to Tencent, Microsoft and Softbank. That is, these companies have money in it. Flipkart's current headquarters, which started in a small house in Bangalore, has 6,800 employees. Apart from this, there are offices throughout the country.