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Havish Gupta

Figuring Out • 1y

Everything about Flipkart! So the story date's back to 2007 Sachin and Binni were working at Amazon India. Amazon had plans to set up E-com in india but didn't due to reccsion and less interest usage. Later they left Amazon and started Flipkart as an online book store in 2007. But it was though to get vendors but they got few. They only got one order in whole October. But that didn't stop them. Flipkart were particular about customer satisfaction and made a great policy for that This led to Flipkart sellingBy the end of 4cr worth of books in 2008 and then they also raised $1 Million from Accel Capital followed by $10 Million funding from Tiger Global. Their sales hit 75cr untill 2010. Seeing this they entered Mobile Segment which failed as due to less trust for big purchases. So they launched cash on delivery and easy return policy, which worked well. Flipkart also increased Investors belief in internet companies which led to start of tons of starups. (Continued in comments)

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