Today, Flipkart has become an icon of online shopping era in India and phenomenal growth of the company has inspired thousands entrepreneurs in India and around. It has truly revolutionized online marketing and e-commerce in India. The popular website was founded by two intelligent IITians named Sachin Bansal and Binny Bansal in the year 2007.
Both, Sachin & Binny, graduated from Indian Institute of Technology, Delhi and earlier worked for amazon.com too. Their journey began with an initial investment of Rs. Four lakh, two from each to start the company that has now become successful to generates more than Rs. 1.5 Crore a day.
The two of them believed in the power of hard work and determination and thus came out with flying colors. Both of the partners are from Chandigarh, capital of Punjab, a state in India.
They were not related in any way but it was an amazing coincidence that they became the core and successful partners for this amazing work.
It may surprise one but according to them they were at the same school but were still unknown with each other till they became the part of IIT.
They graduated in the year 2005 and were engaged in different jobs but they were destined to work together and so they met again in the year 2006 when they together joined Amazon.
The idea of flipkart
As per the founders, the invention of flipkart was not accidental and nor was preplanned. It was just a result of the bad quality service provided by the other competitors in the market that inspired to do something better. They made up their mind to provide better service to people than their contemporaries with respect to the market and they aimed high to focus on customer service. With these intentions and immense perseverance they made up to the top positions in the market in terms of e-commerce.
This online megastore started its way in the year 2007 and within six months reached at the topmost position.It grew over ten times over the past years and has said to be have touched more than Rs 100 crore mark by March 2011. The success story of Flipkart goes on and on. They have been named as top 25 startups of 2009 and were nominated for the Ernst and Young award for the best entrepreneur 2010 and have won many awards for their commendable work they did and are doing.
