Flipkart & E-Commerce

Flipkart is an Indian start-up, execute up in 2007 and initially started discipline as an online entertainstore, but has without delay diversified into offering another(prenominal) products including health care products, microwaves, washing machines etc. supplement on its paint strengths which acknowledge offering good tint products at discounted rates, undeviating shipping, all-inclusive variety and a top-notch customer suffice, Flipkart has emerged as Indias largest online bookshop and one of the top coulomb Indian sites. As of today, Flipkart employs 2500 people. It was set up by investment Rs400000 ($9056) by founders Sachin and Binny Bansal. They subsequently raised two downs of funding from Accel Partners and tiger Global prudence to the air of $31 meg, with the first bombastic being about $10 million and the second round being $20 million. It has frame-up 5 warehouses in Bangalore, Mumbai, Delhi, Chennai and Kolkata. Flipkart sells 10 products per minute and its account gross sales has increased re agreeablely from Rs. 40 million in 2008-09 to Rs. 750 million in 2010-11. This indicates the growth achieved in a rattling short duration. 60% of its revenue comes from non-book products. In 2010 it acquired California-based well-disposed book discovery service weRead. The online retail industry is tip to dig the $1.5 billion mark by 2015.

Also, according to the mesh and meandering(a) Association of India Indian e-commerce commercialize is expected to grow by 47% to more than Rs 46,000 crore ($10 billion) this year, which means that there is strong growth potential for organizations the likes of Flipkart. Recently it also underwent a major makeover, coming up with a new logo and inter nerve and vulturine offline and online advertising to promote its business. With a embarrassment of new entrants in the e-commerce industry and with news of amazon go into the Indian market place in the future, the biggest challenge cladding Flipkart is to cite its service standards, positiveness and customer retention in face of the price-war of the new entrants. Flipkarts...If you postulate to get a unspoilt essay, lodge it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper