Flipkart SBI bank Debit & Credit Cards Offer Get 10% Off On Lifestyle & Fashion Products Via SBI Cards [24th-26th June]

0 Comments

success 100%

Coupon Details

Posted By : Jaicika & balakant        June, 2016

Flipkart SBI bank Offer Debit & Credit Cards Get 10% Off   Flipkart is an e-commerce company founded in 2007 by Sachin Bansal and Binny Bansal. The company is registered in Singapore, but has its headquarters in Bangalore, Karnataka, India. Flipkart has launched its own product range under the name “DigiFlip” with products including tablets, USBs, and laptop bags.Flipkart’s last fundraising round in May 2015 had pegged its valuation at $15 billion. In May 2016, Morgan Stanleylowers Flipkart’s valuation at $9.39 billion. flipkart is now offering an amazing offer Under End Of Season Sale For SBI Debit/Credit CardsPayment Where you can Get Flat 10% Off On Lifestyle & Fashion Products When Pay Via SBI Debit/Credit Cards. Follow Below STeps To Avail This Offer.

Flipkart SBI bank Offer Debit & Credit Cards Get 10% Off

Flipkart SBI bank Debit & Credit Cards Offer Get 10% Off

Flipkart Debit/Credit Cards Offer Terms:

Flipkart SBI bank Offer Debit & Credit Cards Get 10% Off

1. Extra 10% Off using SBI Debit/Credit Cards on Flipkart Website,m-site(s) &m-APPs
2. Minimum purchase to avail the discount is INR 1999
3. Maximum discount that can be availed per card is INR 750
4. The offer is valid from 24th June 2016 (00:00) to 26th June (23:59)
5. The Discount is applicable only Lifestyle &Fashion Category
6. The Discount is not applicable on Net Banking

How To Get/Claim:

1. Visit On Flipkart 

2. Choose Your Product

3. Add in cart

4. Select shipping address

5. Pay Amount

about flipkart

Flipkart is an e-commerce company founded in 2007 by Sachin Bansal and Binny Bansal. The company is registered in Singapore, but has its headquarters in Bangalore, Karnataka, India. Flipkart has launched its own product range under the name “DigiFlip” with products including tablets, USBs, and laptop bags.

Flipkart’s last fundraising round in May 2015 had pegged its valuation at $15 billion. In May 2016, Morgan Stanleylowers Flipkart’s valuation at $9.39 billion.

History

Old logo of Flipkart (2007-2015)

Flipkart (Company) was founded in 2007 by Sachin Bansal and Binny Bansal, both alumni of the Indian Institute of Technology Delhi. They worked for Amazon.com, and left to create their new company incorporated in October 2007 as Flipkart Online Services Pvt. Ltd.The first product they sold was the book Leaving Microsoft To Change The World to a customer from Hyderabad.Flipkart now employs more than 33,000 people. Flipkart allows payment methods such as cash on delivery, credit or debit card transactions, net banking, e-gift voucher and card swipe on delivery.

After failure of its 2014 Big Billion Sale, Flipkart recently completed the second edition of Big Billion Sale held between October 13 and 17.where it is reported that they saw a business turnover of 300 million in gross merchandise volume.

Business Structure

In a report dated November 25, 2014, a leading media outlet reported that Flipkart were operating through a complex business structure which included nine firms, some registered in Singapore and some in India. In 2012 Flipkart co-founders sold WS Retail to a consortium of investors led by Rajeev Kuchhal.

Investments

  • In 2015, Flipkart bought a minority stake in a Navigation and route optimization startup MapmyIndia to help improve its delivery using MapmyIndia assets.

Finance

Initially, they had spent 400,000 only for making website to set up the business. Flipkart has later raised funding from venture capital funds Accel India (US$1 million in 2009) and Tiger Global (US$10 million in 2010 and US$20 million in June 2011). On 24 August 2012, Flipkart announced the completion of its 4th round of $150 million funding from MIH (part of Naspers Group) and ICONIQ Capital.The company announced, on 10 July 2013, that it has raised an additional $200 million from existing investors including Tiger Global, Naspers, Accel Partners and Iconiq Capital.[38]

Flipkart’s reported sales were  40 million in FY 2008–2009, 200 million in FY 2009–2010 and ₹ 750 million for FY 2010–2011. In FY 2011–2012, Flipkart is set to cross the ₹ 5 billion (US$100 million) mark as Internet usage in the country increases and people get accustomed to making purchases online.Flipkart projects its sales to reach ₹ 10 billion by year 2014. On average, Flipkart sells nearly 10 products per minute and is aiming at generating a revenue of ₹50 billion (US$0.81 billion) by 2015.

On November 2012, Flipkart became one of the companies being probed for alleged violations of FDI regulations of the Foreign Exchange Management Act, 1999

Flipkart reported a loss of ₹ 281 crore for the FY 2012-13.In July 2013, Flipkart raised USD 160 million from private equity investors.

In October 2013, it was reported that Flipkart had raised an additional $160 million from new investors Dragoneer Investment Group, Morgan Stanley Wealth Management, Sofina SA and Vulcan Inc. with participation from existing investor Tiger Global.

On 26 May 2014, Flipkart announced that it has raised $210 million from Yuri Milner’s DST Global and its existing investors Tiger Global, Naspers and Iconiq Capital.

In early July 2014, it was also highly speculated that Flipkart was in negotiations to raise at least $500 million, for a likely listing in the US for 2016.

On 29 July 2014, Flipkart announced that it raised $1 billion from Tiger Global Management LLC, Accel Partners, and Morgan Stanley Investment Management and a new investor Singapore sovereign-wealth fund GIC.

On 6 October 2014, Flipkart sold products worth INR 650Crore in 10 hours in a special one-day event – “The Big Billion Day”, claiming they had created e-commerce history, but their hard-won reputation for good customer service suffered because of technical problems, and angry reactions on social media from buyers disappointed with the pricing and availability of products.It claimed to sell a whopping 5 lakh mobile handsets, five-lakh clothes and shoes and 25,000 television sets within hours of opening its discounted sale at 8 AM. In December 2014, After it received $700 million from another funding, Flipkart had a market cap of $11 billion or Rs.66000 crore. In May 2015 Flipkart has raised $550 million from some of its existing investors, in a deal that raises the valuation of the privately held Indian startup to about $15 billion or Rs. 90,000 crore.

On 20 December 2014, Flipkart announced filing application with Singapore-based companies’ regulator ACRA to become a public company after raising USD 700 million for long term strategic investments in India following which its number of investors exceeded 50. The USD 700 million fund raised by Flipkart added new investors – Baillie Gifford, Greenoaks Capital, Steadview Capital, T. Rowe Price Associates and Qatar Investment Authority – on company’s board.Its existing investors DST Global, GIC, ICONIQ Capital and Tiger Global also participated in this latest financing round.

By August 2015, after raising $700 million, Flipkart had already raised a total of $3 billion, over 12 rounds and 16 investors.

Leave a Comment