Flipkart Net Worth is $37.6 billion: Flipkart is an e-commerce website and app which can be easily used by anyone. It was launched way back in 2007 as an online book-selling platform. Although with time the company has evolved and started selling a variety of products like clothes, electronics, home and kitchen products, etc. Flipkart was founded by Sachin Bansal and Binny Bansal. Recently the American giant, Walmart bought the maximum shares of the company. Also check Apple Net Worth, Amazon Net Worth and Google Net Worth.
Flipkart has its main headquarters situated in Bangalore, Karnataka. However the company first came into production in Singapore, so it is known as its legal domicile. In recent times, Flipkart has seen a massive hike in its uses and customers registration. There are many Indians who use the app or its website to order a variety of things of their choice.
A few years ago, Flipkart has bought the fashion eCommerce company Myntra. Flipkart has also launched its UPI payment company named Phonepe. There are many other services that Flipkart provides, which makes it even more successful and famous.
Flipkart Net Worth
Flipkart is India’s biggest e-commerce platform and it has the highest percentage of involvement in the Indian market. Flipkart has a hold of around 37% of the Indian market with its e-commerce services. Flipkart sells almost everything from its application and also from its website. The main rival of Flipkart in India is Amazon. Flipkart has not disclosed the exact amount of its wealth, but it has a market value of around $37.6 billion, which is quite a big number.
|Net Worth 2021||$37.6 Billion|
|Net Worth in Indian Rupees||2.8 Lakh Crore|
|Net income 2020:||(38.4b)|
|Revenue||43,615 crores INR (US$6.1 billion, 2019)|
|Founder:||Sachin Bansal, Binny Bansal|
|CEO||Kalyan Krishnamurthy (Jan 2017–)|
|Founded:||October 2007, Bengaluru, India|
|Flipkart Subsidiaries:||Myntra, PhonePe, Ekart, Mallers and More|
|Tiger Global Management||4.87%|
|Qatar Investment Authority||1.43%|
Flipkart was founded in 2007 by Sachin Bansal and Binny Bansal. Sachin and Binny were the alumni of Indian Institute of Technology Delhi. They have also worked for a long time in Amazon as its employees. Flipkart was used to be an online bookselling platform, which provides online delivery of your desired book to anywhere in India, without any delivery charges. Once the company started to grow and it made a significant amount of money, Sachin Bansal and Binny Bansal bought WeRead from lulu.com
WeRead was basically a social book discovery service that was situated in Bangalore, Karnataka. They made it their headquarters and started providing a variety of things from Flipkart. As soon as it started making a huge amount of profits, the prices of its shares became quite costly. Many big companies started showing their interest in it. It was the beginning of Flipkart.
As Flipkart was growing more and more each day, the company started to buy take its position in the market even more strongly. Flipkart acquired one of India’s biggest online apparel stores Myntra in 2014. Though Myntra still runs as an individual company, it has most of its shares sold to Flipkart. They together are running very successfully. Later, Flipkart joins hands with eBay India, and eBay said that they will sell there products through Flipkart. They have also invested a total of $500 million in Flipkart.
Flipkart also launched its UPI payments app Phonepe, which is India’s first UPI payments app. It is mostly in use and is quite popular with everyone. Flipkart sells a variety of products now, and that too at a very low price, as compared to any other.
Since Walmart bought most of the shares of Flipkart in 2018, the company’s performance has increased even more. Now, Flipkart is also selling groceries and a variety of different products. You can buy flight tickets and can do much more stuff in there.
Awards & Achievements
As an individual company, there aren’t many awards available, but for the founders and owners of the company, there are a variety of awards available. Like, Sachin Bansal and Binny Bansal won the entrepreneur of the year in 2012-2013 by the Economic Times. They have also been listed in the list of “100 most influential people of the world”. They have also entered into the rich list of Forbes.
So, to conclude, we can say that Flipkart has seen its share of good and bad days, and currently, it is having its best time in the Indian market. Running as India’s biggest e-commerce website, Flipkart is making a big statement for itself. Being in direct competition with American giant Amazon, Flipkart is doing quite well to hold its ground, actually, it’s doing better on some occasions. Its acceptance is quite surreal, as we Indians don’t believe in something so easily, you know.