Top 10 Online Companies by Valuation in India 2015
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Founded in the year 2007 by Sachin Bansal and Binny Bansal, Flipkart is registered as a company in Sinagpore but operates in India.
Flipakart is presently headquartered at Bangalore. Funded and backed by some of the biggest investors globally, Flipkart is the biggest and the most valued online company in India. An online shopping destination, Flipkart follows an online marketplace model. It also has its own product range under the brand name of “DigiFlip”. Having started off as an online bookstore, the company presently employs more than 16000 people. The company has acquired a number of companies as a part of its business strategy, one of the biggest being the acquisition of Myntra, a deal of worth $319 million. One of its most successful product launches was that of the budget smartphone Moto G in India on 5 February 2014 that triggered an overwhelming response from online shoppers and more than 20,000 units were sold within hours of launch. Flipkart however has received a lot of criticism over its “Big Billion day” sale which was launched with the intention to increase the popularity of their website by targeting a billion sales in 1 day. Tiger Global, Naspers, Baillie Gifford, DST Global, Digital Sky Technologies, Qatar Investment Authority, T.Rowe Price and Steadview Capital are some of its biggest investors
Valuation: $15 B
The valuation data are the latest obtained from various sources. Most valuations are that of March 2015.