November 12, November 11, Entrepreneurship lessons from Squid Games to refresh your Workplace October 18, Next Post. Leave a Reply Cancel reply Your email address will not be published. Trending Comments Latest. The battle of becoming the funnest office in the country 0. Harshil Mehta Jt. Recent News. Daily Routine of Successful Businessmen February 8, Most Popular.
Lounge Interviews. Follow Us. Contact Information. Request a call back. Submit Now. This field should be left blank.
Welcome Back! Login to your account below. All this simply translates into more sales. Want the numbers? On the last Big billion Days, 26 sellers became crorepatis, sellers became millionaires, and sellers became lakhpatis! When it comes to cataloguing support, photo shoots of your products or packaging, our third-party E-commerce Service Providers are at your service. In , the company purchased the payment website PhonePe as well as the e-commerce corporation eBay. The platform also consolidated all of its Bangalore offices to develop a single big campus across 8.
In , Flipkart set up an office in Singapore. The largest revolutionary moment for Flipkart was definitely when it was acquired by Walmart. The platform has witnessed a massive degree of growth and advancement from the time it was started in , prompting the emergence of various startups in the country. The platform has been able to enhance its product categories from the sole category of books to millions of items with a variety of sections.
This has played an integral role in strengthening the belief of foreign and national investors in Indian startups.
As per recent news, reported by TechCrunch , Flipkart will acquire Walmart's Indian cash-and-carry wholesale business as the e-commerce firm focuses on enhancing its offerings for mom-and-pop stores. Recommended blog - Top UK startups. Flipkart has also announced its introduction of Flipkart Wholesale as part of the arrangement. Recently the company has started a hyperlocal minute delivery service termed Flipkart Quick in Bengaluru across categories including grocery, mobiles, electronics, and home accessories.
Through this launch, the firm has ventured into items like fresh fruits and vegetables, as well as meats and milk on its platform.
The platform has also invested in the fresh produce supply chain firm, Ninjacart , and other local vendors with the goal of building a supportive ecosystem. It also roped in logistics firm Shadowfax to build last-mile support for Flipkart Quick. As per a statement by Flipkart, reported by the Economic Times , the company recently crossed over 1.
When Flipkart started operating in the country, it knew that people will be doubtful about any kind of scam or loss if they stuck to prepaid orders. So they introduced cash on delivery COD payment option so that people can place orders with trust, without any fear of losing money. No dependency on payment cards This point is especially valid for deliveries in rural or sub-urban areas, where people still rely heavily on cash for any kind of transaction.
Allows some time to gather money for payment Sometimes e-commerce companies like Flipkart launch exciting offers which are very hard to ignore for people fond of online shopping. Choosing cash on delivery gives them some time to gather cash so that they do not miss out on the limited-time offer.
The term e-commerce was almost unknown when Flipkart launched its ambitious startup. Here are a number of challenges that the company came across in its long journey:.
In order to procure products from thousands of sellers, maintain inventory and ensure timely delivery, an effective supply chain and logistics network was the first challenge that Flipkart had to endure.
These bring huge losses to the company. Flipkart has major warehouses across many cities, especially metropolitan areas , such as Bengaluru, Mumbai, Kolkata, Chennai, Delhi, Noida, and many other cities. Furthermore, they have small regional distribution centres in over locations. COD does have many benefits for customers, but it indeed puts burden on e-commerce firms such as Flipkart. Many customers return the product without paying; and the company ends up losing all the money spent on procuring, storing and shipping the product.
That is why prepaid payment options are always favourite among sellers listed on Flipkart. Managing lakhs of sellers on a platform is a herculean task in itself. Added to that is the issue of managing all logistics service providers LSPs , if the company is dependent on 3 rd party services. Flipkart, however, has its in-house logistics company, named E k art, which ensures smooth and on-time deliveries.
For any startup to prosper, a continuous flow of funds is a must. These funds not only aid improving existing services and facilities but also help the companies to bring ne w, innovative ideas to reality.
0コメント