Flipkart Net Worth 2023: Income, Revenue, Top Share Holders
|Net Worth||$40 Billion|
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 $40 billion, which is quite a big number.
|Net Worth||$40 Billion|
|Net Worth in Indian Rupees||3.1 Lakh Crore|
|Net income:||- Rs 4,362 Crore|
|Revenue||Rs 10,659 Crore|
|Founder:||Sachin Bansal, Binny Bansal|
|CEO||Kalyan Krishnamurthy (Jan 2017–)|
|Founded:||October 2007, Bengaluru, India|
|Number of Employees||30,000|
|Flipkart Subsidiaries:||Myntra, PhonePe, Ekart, Mallers and More|
Walmart planning to list FlipKart in USA Stock Exchanges in 2021, Walmart acquired 77% of FlipKart by paying 16 Billion USD in May-2018.
Flipkart Top Share Holders
|Tiger Global Management||4.87%|
|Qatar Investment Authority||1.43%|
InceptionFlipkart 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.
EvolutionAs 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.
Awards & AchievementsAs 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.
Flipkart's Balance Sheet, Income Statement