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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

Flipkart Group acquires electronics recommerce company Yaantra

Jan 14, 2022

January 14, 2022 The Flipkart Group announced the acquisition of Yaantra, an electronics recommerce company, to strengthen its recommerce business and enhance after-sale offerings for its customers in the smartphones segment. Yaantra, incorporated in 2013 by Jayant Jha, Ankit Saraf and Anmol Gupta, is a leading brand that repairs and sells refurbished consumer tech products such as smartphones and laptops. With this acquisition, Flipkart will provide a comprehensive service ecosystem to its customers that takes care of the entire lifecycle of smartphones, a statement said. With the acquisition of Yaantra, Flipkart will enable greater access to affordable refurbished smartphones, offering value and convenience for the end consumers. As part of this acquisition, the experienced team of Yaantra will help Flipkart build capabilities in this domain and accelerate its recommerce scale-up plans. The business will report to Prakash Sikaria, Senior Vice President and Head of Flipkart’s Growth Charter, the statement said. Ravi Iyer, Senior Vice President and Head – Corporate Development, Flipkart, said, “At Flipkart, we continuously strive to find new ways to be more relevant to consumers and address the growing consumer internet ecosystem in India. This approach includes strategic acquisitions and investments that broaden the scope of our current offerings for customers to become the one-stop destination for their digital needs. Through the acquisition of Yaantra, we are enhancing our capabilities in a domain that is critical for the growth of the digital economy in India, as well as developing a comprehensive service ecosystem to support its expansion.” Prakash Sikaria, Senior Vice President – Growth & Marketing, Flipkart, said, “India is one of the fastest-growing markets for electronic goods, with smartphones being one of the most in-demand. There is a large set of consumers who aspire to own branded devices, but prices are sometimes prohibitive. This is where Yaantra fits in perfectly. Their recommerce value chain and refurbishment capability will allow Flipkart to create a very meaningful recommerce offering. This will not only help us further our commitment to addressing consumer needs, but also reduce the negative impact of overproduction on the environment, considering our strong focus on sustainability.” Jayant Jha, Co-Founder & Chief Executive Officer at Yaantra, said, “At Yaantra, we have been able to successfully drive the smartphone recommerce to the next level with our deep understanding of the sector and technology. At this juncture, we are delighted to join forces with the Flipkart Group as we share a common objective of making technology affordable and available for all. We believe this association will prove to be a game-changer in making the Indian refurbished market a success and creating an even better experience for our consumers.” This strategic acquisition has been effected through FK Group Entity, F1 Info Solutions & Services Pvt Ltd which is engaged in the business of offering comprehensive lifecycle management (repairs and refurbishment) for various categories including Mobility, Consumer Electronics, IT&IT Peripherals, AV & Enterprise Solutions, in the B2B segment. Ashish Nain

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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

9,049 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

Application Date

7/6/2020

Grant Date

Title

Related Topics

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

Status

Application

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