Why would Amazon regretting letting go of both his intents a decade ago

American company Walmart has bought 77 percent of Indian e-commerce company Flipkart for $ 16 billion (about Rs 1,07,662 crore).

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New Delhi: The country's largest e-commerce website, Flipkart, has now been occupied by Walmart. American company Walmart has bought 77 percent of Indian e-commerce company Flipkart for $ 16 billion (about Rs 1,07,662 crore). On the one hand Amazon, where Flipkart was overtaking the GMV market share in 2017, there was one thing in the near future that Amazon had left Indian company Flipkart behind.

But everything went well with Flipkart and Wal-Mart bought the company. After this deal, after the deal, Flipkart co-founder Sachin Bansal will leave the company for a billion dollars. Together, Sachin and Binny Bansal started the company in 2007. Earlier, both friends had worked in the Amazon.

Flipkart's journey from 4 lakh to 1.40 lakh crores

Flipkart was started in 2007 by Sachin Bansal and Binny Bansal only for 4 lakhs. Both were Batchmates from IIT Delhi and had worked in Amazon. Both of them started hiring 2 bhk flat in Bengaluru by selling online books. When Amazon had started its online business then Binny and Sachin started working in India on his idea.

Customer VVK Chandra before Flipkart

The first order received after a small start of the company was given by a person named VVK Chandra. Chandra had to go to Hyderabad for 90km away to buy books at that time. Chandra used to work as a tech blogger and his house was in Mahbubnagar. While writing a blog in October 2007, Chandra found that a 25 year old youth commented on his blog, which provided a link to a website which was flipkart.com.

During Flipkart's three months of business, the company got 8 to 10 orders in a week. But after the fourth month everything changed and now both of them get 8 to 10 orders per day. After that everything went doubly along with the month. By the end of 2008 Flipkart started getting 100 orders in a day.

After that everything changed for Flipkart. After opening the first office in Bangalore, the second office was opened in Delhi and the third in Mumbai in 2009. In the past year, Flipkart has shifted all the offices to new campuses of 8.3 lakh sq. Feet in Bangalore. But now after the work began, Flipkart needed a huge amount to increase it. In 2011 Flipkart invites Singaporean investors. Where Tiger Glober and Softbank invested in the company.

Company planning and cash on delivery

The cash on delivery option changed the flipkart's picture. In fact, only 0.5% of the people in 2010 had such a credit card. Cash On Delivery proved to be boon for such people. Because people did not trust the stuff they used to be online at that time. People thought that if the goods went bad then money would go too. But Flipkart maintained his trust, which resulted in him seeing in his business. After this Flipkart went one step further and began to buy smaller companies, which included companies such as Mintra and Jabong.

Partnerships with Walmart and Flipkart

India will benefit from a deal between Walmart and Flipkart. Customers will now get more products at cheaper prices. Jobs will be found Opportunities will be created for small suppliers, farmers and women entrepreneurs. Flipkart co-founder Bini Bansal said, "Wal-Mart is an ideal partner for the next phase of our journey and we will work together in retail and e-commerce."

Flipkart currently holds 40 percent e-commerce market in India. Flipkart has stepped up rapidly in the field of fashion, electronic, mobile etc. Amazon has been offering quite a challenge to the company. Now more competition will increase in Amazon and Flipkart. Those who are interested in shopping online can benefit from this. Consumers can get products at cheap prices.

Walmart's fast spread business

American company Walmart is expanding its business in India and has opened its 21 wholesale stores in 19 cities of nine states. According to Walmart India Chief Corporate Affairs Officer Rajnish Kumar, the company has given employment to more than 40,000 people in the country.