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Corporation
INTERNET | eCommerce / Multi-Product
flipkart.com

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Founded Year

2007

Stage

Corporate Majority - IV | Acquired

Total Raised

$6.186B

Valuation

$0000 

Revenue

$0000 

About Flipkart

Flipkart is a destination for online shopping in India, with payment options through cash on delivery, debit card, credit card, and net banking processed through secure and trusted gateways. Stocked items include favorite books, apparel, footwear, lifestyle accessories, baby care products, toys, posters, sports and fitness, mobile phones, laptops, cameras, movies, music, health and beauty, televisions, refrigerators, air-conditioners, washing machines, MP3 players, and products from a host of other categories available.

Flipkart Headquarter Location

Buildings Alyssa, Begonia & Clove Embassy Tech Village Outer Ring Road, Devarabeesanahalli Village

Bengaluru, 560103,

India

+91 – 080-42749527

Latest Flipkart News

How Flipkart's strategic buyout of SastaSundar can change the e-pharmacy game

Nov 27, 2021

How Flipkart's strategic buyout of SastaSundar can change the e-pharmacy game How Flipkart's strategic buyout of SastaSundar can change the e-pharmacy game The deal, which went largely unnoticed when it was announced, could mark the emergence of a formidable player in the online pharmacy segment. SML, owned by SastaSundar Healthbuddy Limited (SHBL), has Flipkart as a joint venture partner, though the financial details remain under wraps. Krishna Gopalan Updated Nov 27, 2021, 8:34 AM IST If things had gone to plan, SastaSundar Marketplace Limited (SML), an online pharmacy and digital health platform would have seen an infusion of funds from at least one private equity player. The story took a dramatic turn four months ago when investment bank, Intellecap, led by its Managing Director, Pramod Kasat met B L Mittal and Ravi Kant Sharma, Sastasundar's founders, to suggest an alternative plan. The argument put forth was that there was steam left in the business and the private equity route was not the way to do it. Now, SML, owned by SastaSundar Healthbuddy Limited (SHBL), has Flipkart as a joint venture partner, though the financial details remain under wraps. This is only the B2C business where Flipkart will hold the majority stake. Now, the strategic rationale for this transaction comes down to how the market is structured. In terms of the gross merchandise value (GMV), SML is the second largest player after PharmEasy. Industry trackers point out that this is a cash-burn business, making it a huge challenge for SML. "It would have been difficult for the promoters to scale up and bringing in Flipkart is a win-win situation." How exactly is that? At the outset, the game has really opened up for the online pharmacy business. M&A is in play with the Tatas having bought out 1mg and Reliance acquiring Netmeds. Amazon has taken its baby steps in the business and PharmEasy is already a name. For Flipkart, it gives it a foothold in an existing and established business and with its base of over 30 crore customers can easily up the game. "With the Walmart ownership, they can really bring in the expertise and get a serious shot at the game. Online pharmacy is the next frontier," says an official familiar with the transaction. In a statement, Flipkart's Senior VP and Head - Corporate Development, Ravi Iyer said, "The consumer Internet ecosystem in India is growing rapidly as consumers recognise the opportunities and convenience that digital adoption is enabling in their lives. With growing awareness and focus on health heightened by the pandemic, there is a large opportunity and demand for affordable healthcare and ancillary offerings."

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Expert Collections containing Flipkart

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Flipkart is included in 1 Expert Collection, including E-Commerce.

E

E-Commerce

8,753 items

Flipkart Patents

Flipkart has filed 2 patents.

The 3 most popular patent topics include:

  • Compactness (mathematics)
  • Geocodes
  • Geographic coordinate systems
patents chart

Application Date

Grant Date

Title

Related Topics

Status

7/6/2020

Mathematical optimization, Compactness (mathematics), Properties of topological spaces, Optimization algorithms and methods, Operations research

Application

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00/00/0000

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Application Date

7/6/2020

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Grant Date

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Title

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Related Topics

Mathematical optimization, Compactness (mathematics), Properties of topological spaces, Optimization algorithms and methods, Operations research

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Flipkart Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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