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Flipkart Facts That Will Blow Your Mind!

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Flipkart Facts,Startup Funding News India,Startup Stories,2018 Business Latest News,Lesser Known Facts about Flipkart,Interesting Facts About Flipkart,Flipkart Slogan 2018,Flipkart Interesting Facts,Flipkart Business Updates,Amazing Facts About Flipkart

Flipkart started off as an e commerce platform meant only for books. Through the years, the company grew to become a major success and now stands as a part of one of the largest acquisitions made by Walmart! While the world is still recovering from this, here are some facts which take you back to the beginning of Flipkart!

1. The early days

Back in the beginning, Flipkart was founded by Sachin and Binny Bansal. Contrary to expectations, the platform did not begin by fluke. It was started off with the sole of aim of creating a space for book lovers. The first ever book to be sold on Flipkart post its launch was Leaving Microsoft To Change The World by John Wood.

2. No stranger to criticism 

While the Flipkart Big Billion Sale is now a hit, it was a miserable disaster till the year 2014. Despite facing severe losses during the initial days, the platform saw a massive turnover of $ 30o million!

3. Multiple coincidences 

From their surnames to their entire background, the two founders were always in sync. No, it was NOT planned! Clearly the relationship was meant to last!

4. Rejection? What is that? 

Before the Walmart Flipkart acquisition, the Flipkart founders were rejected by multiple investors. In fact, Google refused to invest in the platform not once, but twice! Interestingly, the Walmart deal was almost going to blow up more than a couple of times.

5. How Flipkart got its first customer 

When Binny Bansal put up the post on his page, people thought the whole concept of online deliveries in itself was a lie. However, when the first customer saw the book available for just Rs. 500 and would be delivered in the next three days, he got super excited. Flipkart made its first sale on the premise that they would not get enough participators and boy, were they wrong!

Flipkart has grown through the years to become one of the largest e commerce websites in the country. If you think we missed out on any facts, feel free to comment and let us know!

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Meet the 13 Deeptech Startups Empowered by BIGShift Accelerator in India

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India’s deeptech ecosystem has reached a significant milestone with the launch of BIGShift, a premier accelerator programme by Inc42 and India Accelerator designed to empower early-stage startups developing breakthrough technologies. The first cohort comprises 13 innovative startups addressing complex challenges in fields such as artificial intelligence, aerospace, robotics, healthcare, and geospatial analytics. These startups benefitted from specialized capital-readiness training, strategic mentorship, and direct access to investors interested in supporting high-risk, high-reward deeptech ventures, making BIGShift a crucial platform for nurturing India’s next-generation technology leaders.

The accelerator programme uniquely combines virtual bootcamp sessions with a comprehensive two-day in-person masterclass, equipping startups with advanced go-to-market strategies, funding expertise, and a valuable network of experienced operator-mentors. Noteworthy startups from the cohort include ActionSync, focused on enterprise data unification; Polygon Geospatial, delivering AI-powered real-time spatial analytics; Purna AI, which innovates in preventive health through genetic biomarkers; Spacetaxi, pursuing reusable commercial rockets; and VertiFly, specializing in hybrid eVTOL aerial mobility solutions. This diverse group exemplifies the ingenuity and pioneering spirit of Indian deeptech entrepreneurship across multiple high-impact sectors.

BIGShift’s inaugural cohort not only accelerates technological development but also provides critical support mechanisms like pilot project matchmaking, regulatory guidance, and facilitating enterprise collaborations. As these 13 startups transition their groundbreaking solutions from the lab to the marketplace, BIGShift is poised to be a catalyst for deeptech innovation in India, helping transform scientific research into scalable, impactful businesses that will shape the country’s technological future.

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Tan90 Secures INR 20 Crore to Boost Enterprise Cooling Solutions

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Tan90 - StartupStories

Chennai-based deep-tech startup Tan90 Thermal Solutions has raised INR 20 crore (about $2.3 million) in Series A funding, led by NABVENTURES, with participation from Blue Ashva Capital, Capital-A, and 3i Partners. The fresh capital will help Tan90 expand its energy-efficient cooling solutions across India and into Southeast Asia, the Middle East, and Africa.

Founded in 2019 by IIT alumni Soumalya Mukherjee, Rajnikant Rai, and Shiv Sharma, Tan90 develops innovative phase change materials (PCMs) that enable precise, sustainable cooling for sectors like food logistics, healthcare, and pharmaceuticals. Their technology covers temperatures from –50°C to +80°C, offering up to 40% energy savings and a significant reduction in carbon emissions.

Tan90’s Cooling-as-a-Service platform currently operates in eight Indian cities, serving clients like Swiggy Instamart and Kisaan Konnect, with plans to expand further. Recognized by organizations such as the Bureau of Energy Efficiency and UNIDO, Tan90 aims to make scalable, sustainable cooling infrastructure accessible to enterprises worldwide.

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PayU Gets Final RBI Nod to Operate as Payment Aggregator Ahead of 2025 IPO

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PayU India, owned by Prosus, has received final approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator, a year after getting in-principle approval in April 2024. This authorization allows PayU to onboard new merchants and offer digital payment solutions, joining other major players like Razorpay, CCAvenue, and BillDesk.

The RBI’s nod comes as PayU prepares for its planned IPO in the second half of 2025, following a delay from its original 2024 timeline due to market conditions. The company, which serves over 450,000 merchants, reported $319 million in revenue from its core payments and credit business in the first half of FY25.

PayU stated that the approval will help it build a resilient, compliant, and innovation-driven institution, supporting merchants of all sizes and advancing the Digital India vision. The company has also strengthened its risk management and expanded its presence in real-time payments through a strategic stake in Mindgate Solutions.

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