All in all to create a great customer experience. India has 8 crore mobile net users at the moment, the number is expected to swell to Flipkart had a revenue of 4 crore in FY -20 crore in FY -75 crore in FY -and the revenue for FY - which ends on 31 Mar is expected to be crore.
Thus in the end i would like to congratulate Flipkart founders for the determination and hard work they have put in to realize their dream.
To share with you a secret, Flipkart began its business by raising funds through capital funding and with its own pace, it grew in its financial structure. Flipkart customers are more happy than with some of their competitors like Tradus. The entry of Amazon.
This has helped in creating a lot of job opportunities and thus helps the Indian Inc. The company launches Ekarta logistics arm led by fresher Vinoth Poovalingam, to handle the logistical requirements of the new payment option and the growing demand for goods. Sachin and Binny hire their first full-time employee, Ambur Iyyappawho would eventually go on to become a millionaire.
Flipkart is officially in business. Lets discuss the factors that lead to the grand success of Flipkart: It started out as an online bookseller in but later expanded to electronics and digital music.
Flipkart also provides a 30 day replacement guarantee on its products and EMI options to its customers for making payments. Flipkart started with the consignment model procurement based on demand i.
There are no major foreseeable threats in the future. Cell phones, laptops, computers, cameras, games, music, audio players, TV's, healthcare products, washing machines etc.
Customer satisfaction has been their best marketing medium.
However, many times this requires customers to explicitly ask for a discount, which is not always a pleasant experience. For the customers in smaller towns and remote areas, the catalog offered by Flipkart was much more comprehensive than any local store could offer.
It is arguably the online retailer with the biggest marketshare in its sector with sales of 20 items per minute. Initially, the business was stated with the sole purpose of selling online books.
Since there were not any established players in the market, this allowed them a lot of space to grow, and they did in fact grew very rapidly. Discounts and free shipping When Flipkart started as an online book seller, one of their biggest draws was the discounts they offered on each book.
India has 8 crore mobile net users at the moment, the number is expected to swell to Sachin Bansal, Co-Founder of Flipkart, achieved the entrepreneur of the year award for Initially, the business was stated with the sole purpose of selling online books.
I should quickly mention, the other equally fierce war between Ola and Uber, which took a dramatic twist Monday when UberChina sold its business to its bigger rival Didi Chuxing. The company targets to have a customer base of 1 crore by To talk further about its success achieved, Flipkart has acquired other popular companies like, Myntra.
All of this comes at a time when sentiments have sobered around private tech startups internationally, as well, especially the ones which have racked up a pile of capital and burned a lot it on user acquisition.
Flipkart sold only books for the first two years. Flipkart has been mostly marketed by word of mouth advertising. Flipkart has been mostly marketed by word of mouth advertising.
Oct 1,A journey from a small scale retailer to a leading e-commerce brand, they have come a long way. I would not be surprised if the new company offers its services on hire to other e-commerce players in India in the future. It was in Julywhen the Bengaluru-based online retailer, founded by Sachin and Binny Bansalwho are not related, amassed a billion dollars in a never-seen-before financing round.
And secondly people do not have immense trust in e-commerce in India. Focus on customer service While the other ecommerce players in India were spending heavily on high decibel marketing, Flipkart put its money in customer service. So, in the start they tried their best to provide good service, focus on the website - easy to browse and order and hassle-free, and strove hard to resolve any customer issues.
The trust was missing in the Indian customers. We need to continue to disrupt and upend the status quo, despite the temporary blips. Flipkart is no exception. It is not the idea itself but the conviction to convert ideas into action and action into results is what defines a true success story.
Measured by that yardstick, Flipkart has been a. Hi there. We cover shopping reviews at thesanfranista.com The reasons are simple 1. They understood the Indian customer very well by seeing that people need things at a cheap price and want to pay only when product is in hand.
2. Discounts at. Flipkart was founded by Mr. Sachin Bansal and Binny Bansal, alumni of Indian Institute of Technology Delhi, in October In its initial phase of operation, Flipkart was registered as Flipkart Online Services Pvt. Ltd and sold only books.
Lets discuss the factors that lead to the grand success of Flipkart: 1) They always strove to provide great customer service.
Flipkart customers are more happy than with some of their competitors like thesanfranista.com, thesanfranista.com; i have myself experienced this a.
FLIPKART INTRODUCTION: Flipkart is an Indian e-commerce company headquartered in Bangalore, thesanfranista.com was founded by Sachin Bansal and Binny Bansal in In its initial years, Flipkart focused on online sales of books but it later expanded to electronic goods and a variety of other thesanfranista.comrt offers multiple payment methods like.
Two reputed PE firms Accel Partners and Tiger Capital are its investors. Flipkart sells a book every minutes (till last year). Incredible!
What makes Flipkart a super successful ecommerce ecommerce portal?
First Mover Advantage: Flipkart still enjoys the top-of-the-mind brand recall as far as buying books is concerned. Other portals such as Uread and Dial-a-Book are still struggling to register their brands .Success of flipkart