* Vision Fund joins Tencent, eBay and Microsoft in the current financing round, significantly increasing the investment capital available to Flipkart
* After this financing round, Flipkart will have in excess of $4 billion of cash on balance sheet
* This investment round allows Flipkart to further its mission to transform India and SoftBank to invest in a market leader with scale
‘Hack: The act of improvising on a problem, effectively and unconventionally, to derive a temporary or permanent solution.’ While most contemporary definitions of the word might redirect you to similar phrases, for Flipkart the connotation weighs something much more than a prescribed meaning. Something that is especially evident during the Flipkart Hackday events. In this story we hack into history to decode the DNA of this unique culture of innovation in India’s largest e-commerce marketplace, and dive into the pool of codes and ideas that paved the way for Flipkart.
How would you define innovation? Is it a fresh idea that holds potential? Is it creating something that changes the world? Or is it something more, where the whole adds up to more than the sum of the parts? At Flipkart, the philosophy behind innovation has been to solve real problems and to make life easier for customers. This Flipkart innovation timeline takes you back to 2007 to evoke salient moments from Flipkart’s historic journey, moments that have changed the way India shops.
Four years can seem like an eternity at Flipkart, which at age ten is already an elder sibling to a generation of Indian startups. Padmini Pagadala, who designs Fulfillment Centers, reflects on being a 'dinosaur' in a company that she says has changed the way India buys. Padmini Pagadala, Associate Director - Design, reflects on being a dinosaur at Flipkart four years since she designed her first Fulfillment Center. Padmini, the finalist of the CEO For A Day contest conducted among Flipsters, was selected by CEO Kalyan Krishnamurthy to take over the reins of Flipkart for a day.