Startup News
Flipkart Facts That Will Blow Your Mind!
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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