What it Does: Flipkart provides online shopping opportunities to customers in India. The company sells various products, including fashion clothing, beauty products, books, computers, and other electronics and mobile accessories.
Mission: Flipkart's goal is to be Earth's most customer-centric company. They want to make the customer happy in every way possible. This includes their delivery service. They also strive to provide the best prices. To do this, they have many brands under one roof so shoppers can compare prices on different products.
Size and Presence: Flipkart is an Indian company with enough funding to sustain its growth and expansion. They have over 10,000 employees in their offices scattered across India, currently in Bangalore, Delhi, Mumbai, and Gurgaon.
Best Known For: Flipkart is known for selling cheaper products than its competitors on average. They have lower overhead costs than companies like Amazon because they use fewer delivery services, distributors, and warehouses. Also, they have more logistics experience than any other competitor in India, so they can get packages to customers much faster than most other companies.
The Good Bits: Flipkart offers competitive salaries, stock options, performance bonuses, and other perks that ensure that employees are well taken care of financially.
The Not So Good Bits: It is said that Flipkart has not been able to provide timely medical assistance to its employees. The company is also slow to fire people who don't perform well, which makes it hard for others who do perform well.
Flipkart was founded in October 2007 by Sachin Bansal and Binny Bansal. Flipkart's first office was in the garage of Sachin Bansal's home in Bengaluru. The company initially operated as an online book retailer before moving into the consumer electronics category in 2008.
In November 2012, Flipkart acquired Letsbuy, an online retail platform for electronics, mobile phones, computers, and other lifestyle products. In April 2014, Flipkart announced its acquisition of lingerie site Jabong from Global Fashion Group. In May 2014, Flipkart announced its acquisition of Myntra and its sister concern company Jabong from investors such as Tiger Global Management and Iconiq Capital for $330 million (INR 2 billion).
In August 2015, Flipkart acquired a majority stake in Appiterate: a mobile marketing automation platform based out of Bengaluru. In February 2016, it was India's largest multi-brand premium fashion destination for men's apparel, with over 15 million users and over 1 million monthly page views on the website alone.
The Flipkart culture has been built on the values of integrity, trust, and simplicity. They believe in empowering their employees and creating an environment where they can grow personally and professionally.
Flipkart is a young company that has grown from strength to strength over the years. Flipkart culture is defined by its people - who they hire, how they work together, solve problems, and what they believe in as a company. They are always looking for smart, driven individuals who believe in their vision of 'filling every home with everything' to join them on their journey.
Flipkart's recruitment process includes various stages such as application, written test, interview, and medical examination. The company has its way of recruiting candidates, and it tries to hire the best available talent for the job. The process can be lengthy, but once you clear all stages successfully, you can get a job.
The company offers a wide range of career opportunities, starting from freshers to experienced professionals. Flipkart offers a dynamic environment where you can learn new things every day. It provides ample scope for individual growth, development, and learning through its various training programs.
The company believes in providing opportunities to all employees irrespective of their background or qualification. It also encourages its employees to take courses to help them grow professionally. The company offers multiple career paths, including software development, analytics, business intelligence, data science, and more.
Flipkart offers competitive salaries at all levels of management. The initial salary at Flipkart ranges from INR 9,000 to INR 13,000 per month. However, with time and experience, your salary will increase substantially. After working with Flipkart for two years, you can expect a pay package between INR 18,000 and INR 23,000 per month.
After five years of working at Flipkart, you can earn a handsome salary between INR 30,000 and INR 40,000 per month. There are some additional benefits that you can look forward to when working for Flipkart as well. Employees get a yearly bonus of up to 20% of their base salary and stock options worth 6% of their annual salary.
Flipkart is a pioneer in India's e-commerce space. If you think about it, Flipkart has changed the way people shop in India. It has allowed us to buy anything we want, anywhere at any time.
Besides its convenience, it also helps the environment by reducing the use of paper and plastic bags that retailers use for carrying home products. This saves trees from being cut down to make paper bags and plastic bags from entering our landfills.
In 2014, Flipkart got into trouble after it was accused of selling duplicate and refurbished products. The company was banned from selling products on its website for a month, but it returned stronger than ever after receiving an investment from Japan's SoftBank Corp.
The e-commerce giant also partnered with Paytm to bring back its marketplace service. In 2017, Flipkart was accused of cheating customers through fake discounts and advertisements on their website. The company's advertising agency, Chaitra Leo Burnett Mumbai, was issued a show-cause notice by ASCI (Advertising Standards Council of India) after they found that certain ads were misleading customers about prices and discounts on their website.