Flipkart

Flipkart, which was founded in 2007, has become a success story for Indian entrepreneurs. Flipkart, like Amazon, began as an online bookstore and has now evolved to become Asia's largest online marketplace, with a billion-dollar valuation to match.

Flipkart has benefited from first-mover advantage as well as adjusted its business strategy to accommodate the country's special needs, thanks to Indian customers' rapid adoption of online shopping. Flipkart, for example, was one of the early users of cash-on-delivery payments, which proved successful in attracting more customers. Flipkart has also invested in setting up its own logistic service, creating its own infrastructure to support a growing e-commerce industry.

Selling on Flipkart is quite simple for online retailers, with a simple sign-up process. Flipkart, on the other hand, has modified its charge structure in order to enhance profitability. Sellers should now expect to pay commission, as well as shipping and collection fees, on top of the existing prices. Despite this, Flipkart is still one of the greatest platforms for getting your products in front of Indian consumers due to its extensive reach.

With over 10 million customers and 100,000 suppliers, Flipkart is India's largest marketplace. Flipkart has more than 100 million registered users and controls 43% of the Indian e-commerce sector.

Founded: 2007
Country: India
Website: www.flipkart.com