Flipkart
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| + | This is a collection of articles archived for the excellence of their content.</div> | ||
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[[Category:India|F]] | [[Category:India|F]] | ||
[[Category: Economy-Industry-Resources |F]] | [[Category: Economy-Industry-Resources |F]] | ||
| + | =Flipkart: 2008-14= | ||
| + | ''' Rags to riches: Flipkart’s journey from Rs 4,00,000 to $5-6 billion ''' | ||
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| + | [http://timesofindia.indiatimes.com/tech/tech-news/Rags-to-riches-Flipkarts-journey-from-Rs-400000-to-5-6-billion/articleshow/39341277.cms The Times of India ] Business Insider | Jul 31, 2014 | ||
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| + | In the biggest fund-raising ever for an Indian e-commerce company, in 2014 Flipkart attracted a whopping $1 billion from its existing investors Tiger Global Management and Naspers. | ||
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| + | As per industry experts, the Bangalore-based company is now valued at somewhere between $5 and $6 billion — double the estimated value of $2.5-3 billion in May this year. | ||
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| + | Flipkart co-founders Sachin Bansal and Binny Bansal want to make Flipkart the country's first Internet company to be valued at $100 billion. | ||
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| + | Flipkart has till now garnered almost $1.7 billion as it battles Amazon and Snapdeal for the top slot. | ||
| + | ==The rise: a timeline== | ||
| + | The Times of India presents a timeline of Flipkart's funding — how within seven years a company that founders started off with just Rs 400,000 — is now worth thousands of crores. | ||
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| + | October 14, 2008: Co-founders Sachin Bansal and Binny Bansal start Flipkart with a capital of Rs 400,000 | ||
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| + | July 15, 2010: Tiger Global joins with an investment of $10 million | ||
| + | |||
| + | June 16, 2011: The company announces new logo and gets another investment of $20 million by Tiger Global | ||
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| + | August 24, 2012: Investment of $150 million by Tiger Global and Naspers group, crosses gross sales of Rs 100 crore | ||
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| + | July 10, 2013: Attracts investment of $200 million from Tiger Global, Naspers, Accel Partners and Iconiq Capital, crosses single-day shipment of 1.3 lakh | ||
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| + | October 9, 2013: Another investment of $160 million by Dragoneer Investment Group, Morgan Stanley Investment Management, Sofina, Vulcan Capital and Tiger Global | ||
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| + | May 26, 2014: Flipkart acquires Myntra | ||
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| + | July 29, 2014: Attracted a whopping $1 billion from Tiger Global Management and Naspers | ||
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| + | Just a day after Flipkart announced raising $1 billion, e-commerce giant Amazon, too, announced that it will invest an additional $2 billion in India to expand its growth in the country. | ||
Revision as of 17:27, 31 July 2014
This is a collection of articles archived for the excellence of their content.
|
Flipkart: 2008-14
Rags to riches: Flipkart’s journey from Rs 4,00,000 to $5-6 billion
The Times of India Business Insider | Jul 31, 2014
In the biggest fund-raising ever for an Indian e-commerce company, in 2014 Flipkart attracted a whopping $1 billion from its existing investors Tiger Global Management and Naspers.
As per industry experts, the Bangalore-based company is now valued at somewhere between $5 and $6 billion — double the estimated value of $2.5-3 billion in May this year.
Flipkart co-founders Sachin Bansal and Binny Bansal want to make Flipkart the country's first Internet company to be valued at $100 billion.
Flipkart has till now garnered almost $1.7 billion as it battles Amazon and Snapdeal for the top slot.
The rise: a timeline
The Times of India presents a timeline of Flipkart's funding — how within seven years a company that founders started off with just Rs 400,000 — is now worth thousands of crores.
October 14, 2008: Co-founders Sachin Bansal and Binny Bansal start Flipkart with a capital of Rs 400,000
July 15, 2010: Tiger Global joins with an investment of $10 million
June 16, 2011: The company announces new logo and gets another investment of $20 million by Tiger Global
August 24, 2012: Investment of $150 million by Tiger Global and Naspers group, crosses gross sales of Rs 100 crore
July 10, 2013: Attracts investment of $200 million from Tiger Global, Naspers, Accel Partners and Iconiq Capital, crosses single-day shipment of 1.3 lakh
October 9, 2013: Another investment of $160 million by Dragoneer Investment Group, Morgan Stanley Investment Management, Sofina, Vulcan Capital and Tiger Global
May 26, 2014: Flipkart acquires Myntra
July 29, 2014: Attracted a whopping $1 billion from Tiger Global Management and Naspers
Just a day after Flipkart announced raising $1 billion, e-commerce giant Amazon, too, announced that it will invest an additional $2 billion in India to expand its growth in the country.
