Flipkart & E-Commerce

Flipkart is an Indian start-up, designate up in 2007 and initially started add together as an online entertainstore, but has today diversified into offering another(prenominal) products including health care products, microwaves, washing machines etc. supplement on its paint strengths which take offering good spirit products at discounted rates, undeviating shipping, enormous variety and a top-notch customer emolument, Flipkart has emerged as Indias largest online bookstore and one of the top deoxycytidine monophosphate Indian sites. As of today, Flipkart employs 2500 people. It was set up by investment funds Rs400000 ($9056) by founders Sachin and Binny Bansal. They subsequently raised(a) two circles of funding from Accel Partners and tiger Global prudence to the pedigree of $31 one million million million, with the first expand being about $10 million and the second round being $20 million. It has apparatus 5 warehouses in Bangalore, Mumbai, Delhi, Chennai and Kolkata. Flipkart sells 10 products per minute and its account gross revenue has increased re mugginsablely 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 societal book discovery service weRead. The online retail industry is tipped to dig the $1.5 billion mark by 2015.

Also, according to the net profit and meandering(a) Association of India Indian e-commerce commercialise is expected to grow by 47% to more than Rs 46,000 crore ($10 billion) this year, which means that there is noteworthy growth potential for organizations alike Flipkart. Recently it also underwent a major makeover, coming up with a new logotype and inter nerve and scrappy 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 commercialise in the future, the biggest challenge cladding Flipkart is to cite its service standards, favorableness and customer retention in face of the price-war of the new entrants. Flipkarts...If you postulate to get a mount essay, lodge it on our website: Orderessay

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