Skip to main content

Walmart Flipkart Acquisition | Interesting Facts about Flipkart

Do you know the reason, behind Walmart's multi-billion dollar acquisition of Flipkart? Here I will reveal some facts about Flipkart that you may not know! The flagbearer, the lighthouse of Indian startups have some unrevealed facts. Today, I will reveal some of them including Walmart Flipkart Acquisition, and some other Interesting Facts about Flipkart.

Interesting Facts about Flipkart | Walmart Flipkart Acquisition

Walmart Flipkart Acquisition | Interesting Facts about Flipkart
Walmart Flipkart Acquisition | Interesting Facts about Flipkart

Formation of Flipkart was not an accident. Let me tell you, both the founders, Binny Bansal and Sachin Bansal have decided to do something great. Many people think that these both founders are brothers. But actually, they are not brothers they are completely irrelative. They came into contact from their school. They studied at the same school and at the same College. And they both are graduated from IIT Delhi.

After completing studies they both went to the US to work with Amazon. Sounds foolish, but true. They went to the US to work with Flipkart's biggest competitor in India.

When they went to Amazon, they work probably less than a year. After that, they decided to start something of their own. Then they came back and started Flipkart. That's how Flipkart was born in India in 2007.

When Flipkart started it was just an online bookstore and the first book that Flipkart sold ever was ironically "Leaving Microsoft to change the world" by John Wood.

Also Visit: What is Roposo? How to Earn Money From Roposo App?

When this first book was sold, the packaging was done by Sachin Bansal and the delivery boy was Binny Bansal. This is the most interesting fact about Flipkart. When they started, it was not easy for them. Creating a website is somewhat easy, but getting visitors is very difficult.

What did Sachin and Binny do to get visitors?

On their online bookstore, they started writing reviews themselves. They wrote fake reviews of the book to inspire people to read it. And can you imagine that worked?

The biggest twist in Flipkart's life was the Big Billion Day sale. In 2015 Flipkart introduced about Big Billion Day. In just first three days of Big Billion Day sale and they sold products worth 1,300 crores. That was the time the Flipkart really started growing up.  And in 2016 the big billion days was even bigger, again in three days the sales were more than 1,700 crores.

A very very interesting fact about this Big Billion Day sale is, during those days, Flipkart alone sold more TVs, more shoes than all the retailers put together outside. Everyone else sold less than Flipkart alone. This achievement of Flipkart powered the idea of Walmart Flipkart Acquisition.

Also Visit: Top Fan Facebook Badge | How to turn top fan badge on?

Biggest Blunder by Flipkart

The Journey of Flipkart was not without a share of blunders. One of the biggest blunders Flipkart made in 2016 was they decided to shut off the website and to go only mobile. That means if anyone wants to purchase they will have to download the mobile app.

But with the uproar of Indians, the decision changed and Flipkart website promptly came back. The Flipkart's step to shut off the website and promote Flipkart via mobile app made different records. Due to the major amount of active users, it became the first Indian company to amass 50 million downloads on the Android Play Store.

Binny and Sachin are poles apart

Although their surnames are same, Binny and Sachin are poles apart.  Their hobbies are very different. Sachin is a passionate gamer. In the starting days of Flipkart, if anyone in Flipkart lost or won against him, Sachin would offer them dinner. This is the second most interesting fact about Flipkart.

Also Visit: WhatsApp Font Tricks | Font Styling Tricks For WhatsApp

If talking about Binny, Binny loves outdoors, trekking, travelling. One more interesting fact about Binny, before starting Flipkart he was rejected by Google. That's why Flipkart came into existence and

In 2015, Sachin and Binny made their existence to the Forbes list of richest Indians. Their potential worth was 1.3 billion dollars, that is more than 7,000 crore rupees.

Biggest milestone | Walmart Flipkart Acquisition

In 2018, the biggest milestone was Flipkart acquisition by Walmart. Walmart has got 77% of Flipkart. Walmart wants only one of the founder on its board. That's why Sachin Bansal left Flipkart and Binny Bansal remain on the board. Sachin had more than 5.5 per cent equity shares, that was close to a six and a half thousand crore rupees.

At last, I thank both Flipkart as well as Benny and Sachin Bansal for doing so much for the Indian startup ecosystem. They bought the Indian startup ecosystem into the limelight.

I am Waiting for your review and comment. Let me know, what is your view about Flipkart. And tell me your views on these interesting facts about Flipkart.


Popular posts from this blog

Top Fan Facebook Badge | How to turn on top fan badge on facebook page?

What is the Top fan Facebook Badge? What you should know about it? Today I am Going to talk about Facebook specifically "Top Fan Facebook Badge" you may have seen this popping up here and there if you have a business page. So, what is it?, How to turn on top fan badge on Facebook Page? and How you can use it?.
Top Fan Facebook Badge
Watch Video
Basically, when someone engages with your page with more likes, comments, shares, and regularly visits your page. Facebook starts naming them as your top fans.

When facebook algorithms find someone as a top fan of a page, a notification goes to that person. The notification has the request, to be a top fan. Then it is up to your fan that he wants to accept the top fan facebook badge or not.
How you can identify someone as your top fan? You can identify a top fan with a  little jewel icon actually placed next to the Facebook name of your fan. This means, when your Facebook top fan, comment on your content or post, you will find a top fa…

What is Roposo? How to Earn Money From Roposo App?

A new app is taking place in the market. Do you know about Roposo App? Here in this article, I will tell you about Roposo and the ways to earn from Roposo App. So, What is Roposo App? and How to earn money from Roposo App?

What is Roposo App? This is a new video-sharing app. You can create a channel to share images and videos with your followers. The users are free to share videos & images on Whatsapp Status or on any other social media platforms. You can use this app in English, Hindi, Tamil, Telugu, Kannada, Gujarati, Punjabi, Marathi & Bengali.

Also Visit: All Indian Mobile Company List - 2020

People are already creating amazing videos with the help of different filters, stickers & effects provided on the platform. You can create a video with slow-motion, time-lapse and portrait effect. The app features trending stickers and filters to easily create trending content.

Adding perfect hashtags will boost likes & views instantly!

You can take it as a similar short vide…

List of Popular Applications Banned in China

We all know that India has banned 59 Chinese apps. It is recorded as recent activity in India. But do you know that China has taken such steps a long time ago? Yes, China has taken such steps a long time ago. The ban on foreign websites and application China is not my new activity. China follows strict web restriction rules or internet censorship, known as the Great Firewall of China. China banned most foreign websites for more than a decade. Internet users in China, are only allowed to use china's applications, website, and other services. China has not allowed content from the world's most popular websites and applications. China has never revealed these restrictions publicly. The Country wants to hold a tight grip on the internet. Here I have a list List of Popular Applications Banned in China.
List of Popular Applications Banned in China  | Shocking!
1. Google Google is one of the most popular search engines that is widely used. It is the most reliable and secure, but you…