Flipkart Net Worth, History, Assets, Income, Liabilities, Net Income, Total Employees and many more details can be checked from this page. Flipkart’s net worth is $40 billion: Flipkart is an e-commerce website and application that can be easily used by anyone. It was launched in 2007 as an online book selling platform. Although with time the company grew and started selling a wide range of products like clothes, electronics, home and kitchen products etc. Flipkart was founded by Sachin Bansal and Binny Bansal. Recently, American giant Walmart bought maximum shares of the company.
Flipkart is headquartered in Bangalore, Karnataka. However, the company first started production in Singapore, so it is considered its legal headquarters. In recent times, Flipkart has seen a huge increase in the number of users and customer registrations. There are many Indians who use this app or its website to order many things of their choice.
A few years ago, Flipkart acquired fashion e-commerce company Myntra. Flipkart has also launched a UPI payments company called Phonepe. There are many other services that Flipkart offers, which makes it even more successful and famous. Also check Apple Net Worth, Amazon Net Worth and Google Net Worth.
Flipkart Net Worth
Flipkart is India’s largest e-commerce platform and has the highest participation rate in the Indian market. Flipkart holds about 37% of the Indian market with its e-commerce services. Flipkart sells almost everything from its app and also its website. Flipkart’s main competitor in India is Amazon. Flipkart has not disclosed its exact assets, but it has a market value of about $40 billion, a quite large number.
| Name | Flipkart |
| Net worth 2024 | 40 billion USD |
| 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 (January 2017–) |
| Establish: | October 2007, Bengaluru, India |
| Number of employees | 30,000 |
| Flipkart Subsidiaries: | Myntra, PhonePe, Ekart, Mallers and more |
Walmart plans to list FlipKart in the American Stock Exchange in 2021, Walmart acquired 77% of FlipKart by paying 16 billion USD in May 2018.
Flipkart Top Shareholder
| Name | Share % |
| Walmart | 82.1% |
| Tencent | 5.1% |
| Tiger’s global management | 4.87% |
| Binny Bansal | 3.25% |
| Microsoft | 1.46% |
| Qatar Investment Authority | 1.43% |
| accelerate | 1.32% |
| Other | 0.47% |
Flipkart Net Worth
Start
Flipkart was founded in 2007 by Sachin Bansal and Binny Bansal. Sachin and Binny are alumni of the Indian Institute of Technology Delhi. They have also worked at Amazon for a long time as employees of this company. Flipkart used to be an online book selling platform that provided online delivery of the book you wanted anywhere in India without paying any delivery charges. When the company started growing and making significant money, Sachin Bansal and Binny Bansal bought WeRead from lulu.com
WeRead is essentially a social book discovery service based in Bangalore, Karnataka. They made it their headquarters and started offering various things from Flipkart. As soon as it started making a huge profit, its stock price became quite expensive. Many large companies began to show interest in it. That was the beginning of Flipkart.
Evolution
As Flipkart grew more and more, the company started buying to assert its position in the market more and more strongly. Flipkart acquired one of India’s largest online apparel stores Myntra in 2014. Although Myntra still operates as a separate company, the majority of its shares were sold to Flipkart. Together they are running very successfully. Later, Flipkart joined hands with eBay India and eBay said it will sell products there through Flipkart. They have also invested a total of $500 million in Flipkart.
Flipkart also launched UPI payments app Phonepe, which is India’s first UPI payments app. It is mainly used and quite popular with people. Flipkart currently sells a wide range of products and those prices are also very low compared to any other product.
Since Walmart bought a majority stake in Flipkart in 2018, the company’s performance has increased even more. Now, Flipkart is also selling groceries and various types of products. You can buy plane tickets and do more things there.
Flipkart Net Worth
Awards and achievements
As an individual company, there are not many awards for company founders and owners, there are many awards for company founders and owners. For example, Sachin Bansal and Binny Bansal won the Entrepreneur of the Year 2012-2013 award by The Economic Times. They were also listed in the list of “100 most influential people in the world”. They also made it to the Forbes rich list.
Conclusion
So, to conclude, we can say that Flipkart has gone through good and bad days, and currently, it is having its best times in the Indian market. Operating as India’s largest e-commerce website, Flipkart is making a big statement for itself. Competing directly with US giant Amazon, Flipkart is doing quite well to maintain its position, in fact, it is doing better in some cases. Its acceptance is quite bizarre, because we Indians don’t believe in things easily, you know.
Frequently asked questions
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