Flipkart, founded by the Bansals in 2007 is now being headed by Kalyan Krishnamurthy since 2016. A Billion dollar firm with more than 70 million active users way back in 2019. Despite all the efforts, the people in India slowly atarted to buy products from few other popular e-commerce websites. Flipkart.com has not faded yet but it has become unattractive to the customers in the recent times. With the technology getting upgraded every now and then, I strongly would say the company needs to make efforts regain its market in India. Recently the company has done a $700 million payout to its employees who hold the stock options with PhonePe. It is commendable. People, look for the new year offers at Flipkart. Happy 2023.
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