Finally the blue eyed boy of Indian Ecommerce has achieved 1 Billion USD mark, though in GMV. This is a long journey covered by founders of flipkart from the days they are seeking their first funding with the valuation of few million dollars. In past 7 years, the company has transformed itself from an online book seller to high consumer satisfaction yet inventory carrying retailer to one of the leading online marketplaces in the country, what it is now.
Here is a Timeline of the company’s Journey to date.
* All information is being collected from the web
** The dates mentioned are approximated on the basis of information published by various media channels/blogs
*** All conversions are according to the current exchange rate (USD 1= INR 60.95)
Flipkart currently includes a wide range of products across categories such as electronics, apparels, kids, sports and Home furnishing. Last year, the company also redesigned its website and launched a comprehensive Android application, along with a payment gateway service Payzippy.
“The company, which ships out over 1 lakh orders a day on an average, now has about 1,000 merchants on its platform. It is also opening up its logistics arm, eKart, which supplies to 150 cities, to other online retailers,” said ET about Flipkart. Also, as stated by Sachin Bansal to Business Standard, the company is also looking forward to go for a public offering soon.
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