Flipkart is one of the top eCommerce websites in India. Founded by Sachin Bansal and Binny Bansal, Flipkart is an incredible example of the success of Indian startups. What started as an online bookstore from a two-bedroom apartment in Bengaluru in 2007 has today grown into one of the biggest companies in India. In 2007, online businesses were not popular and Sachin Bansal took a risk by starting this company. The success story of Flipkart is truly inspiring to young entrepreneurs all around the world.
The beginning
Sachin Bansal was born on 5 August 1981 in Chandigarh. At one point in his life, Sachin wanted to become a professional gamer. He graduated as a Computer Science Engineer from the Indian Institute of Technology Delhi in 2003. After graduating, he started working for Techspan. In 2006, he joined Amazon.com as a senior software engineer. Sachin met Binny Bansal in 2005, who also worked at Amazon with him. While working together, the idea of starting a start-up crossed their minds.
Building Flipkart
They quit their jobs at Amazon, pooled in 4 lakh rupees, and launched Flipkart in October 2007. Initially, they only sold books on the platform. They decided to do so as it was easy to list, ship, and find vendors compared to other categories. At this time, there were barely any good eCommerce websites in India. They wanted to use technology and provide customers with a better shopping experience.
Recent Update
Recently, Flipkart revealed that their sales have gone from $4.8 billion in 2020 to $9 billion in 2021. The company discussed how the fashion segment has been gaining huge popularity. The Vice President of Flipkart, Mr. Sandeep Karwa said that during the summer-spring season sale in 2022, the brand sold over 200 million fashion products in the country.
The success story of Flipkart is truly inspiring to young entrepreneurs all around the world.