How can Flipkart monetize the head of the distribution?
Answers
Introduction to Flipkart, e-Commerce Platform
➡️ Flipkart e-Commerce Company was first idealized by Sachin and Binny Bansal in 2007. Both brothers are former Amazon executives. The Bansal brothers were able to successfully design a business module based on their experience and expertise. Their business scheme stood promising that led to the initial funding process from external sources.
Initially, the Bansal brothers invested in a total of $5,600 towards developing an ideal online book store website. 2 years after the initial launch, Flipkart platform stood potential enough to raise $1M from Accel India. They later formed alliances with Tiger Global, raising in a total of $10M in 2010 and $20M in 2011.
➡️ Flipkart had also reported that they have completed the 4thround of funding phase from MIH, a subdivision of Naspers Group and ICONIQ Capital. These funding were harvested for the very reasoning to further explore new business opportunities and venture to new business endeavors that would further improve and grow Flipkart as a company.
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