Flipkart Net Income, Market Cap, Turnover and Stock Price 2020
The e-commerce websites in the nation are making a name in the nation and are emerging out as some of the fastest growing countries across the nation. Although,the concept of an online market is not very old, but people seem to have loved the very idea perfectly well. Today, we will be discussing one of the most well-known companies in India, that had made a mark on the nation in the last few decades. Today,we will be discussing the net worth of Flipkart, it’s yearly earnings, income and share stakes.
HOW MUCH IS FLIPKART NET WORTH 2020 : 500 MILLION DOLLAR
Flipkart The Well-Known Indian Online Market:
Flipkart has been among the first companies in India to have popularized the online market. The company was set up in the year 2007. The company was founded by Sachin and Binny Bansal. Sachin Bansal is now the Chairman of the company, while Binny Bansal happens to be the current CEO of the company. The company was registered in Singapore but has its headquarter in Bangalore. However, Flipkart income in the initial days was not as high as they are now. The company has its own product range, called the DigiFlip. The company now employs as many as 30,000 employees for the entire process. The company accepts payments by various methods, which include the likes of credit card, debit road, net banking and much more. The company has started off with the Big Billion Day offers a few years back. This was a major leap in the Flipkart earnings and helped them earn millions in a matter of a few days. The company has made quite a few million dollars in the various sales that occur throughout the year.
The company has also been able to launch a few products exclusively on the website of the company. This helped them exponentially, as the net worth of Flipkart started increasing. Apart from this, Flipkart has also acquired various other small start-ups and also well-known companies, one such example is Myntra. The deal was sealed at an estimated price of Rs 20 billion.
Sources of Net Worth of Flipkart:
Flipkart started off with just 4 lakh rupees, which was needed for the company to set up the website. One can estimate the net worth of Flipkart from the fact that every given minute, Flipkart sells 10 products, according to certain surveys. The company was aiming to have a sale of Rs 50 billion INR, by the end of the year 2015. Apart from being the online market that the company is well known for, Flipkart is also earning from the various other companies that it has overtaken over the course of years. We hope that in the years to come, the Flipkart net worth would reach new heights.
FLIPKART COMPANY TYPE, HEADQUARTER, PRODUCTS, FOUNDERS, AND CEO
Company Type – Public
Establishment Year – 2007
Flipkart Headquarter – Bangalore, India
Founders – Sachin Bansal and Binny Bansal
Flipkart CEO – Binny Bansal
Company Products – online e-commerce including books, clothing, accessories and much more
Website – www.flipkart.com
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