(US290 million). 86 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. "Exclusive: Flipkart to Shutdown Flyte MP3 Store; To Exit Digital Music Business". Time 100 Titans Binny Bansal and Sachin Bansal, Time,. dead link Nikhil Menon (9 September 2011). "Will Myntra's move away from desktop cause its downfall? Retrieved 15 December 2014. Contents, history edit, flipkart logo used from 2007 to 2015 Flipkart was founded in October 2007 by Sachin Bansal and Binny Bansal, who were both alumni of the Indian Institute of Technology Delhi and formerly worked for Amazon. "Accel India Invests in Flipkart". 107 On Flipkart launched a promotion called 'Big Billion Day' with the intention to increase the popularity of their website by targeting a billion sales in 1 day.
Retrieved Puneet "Flipkart 'beats' Amazon in m-sales". The event received criticism via social media over technical issues the site experienced during the event, as well as stock shortages. "Xiaomi's Mi3 sold out in 5 seconds, says Flipkart". 21 In February 2014, Flipkart partnered with Motorola Mobility to be the exclusive Indian retailer of its Moto G smartphone. The court asked the Reserve Bank of India to provide the latest circular on foreign investment policy. EBay promoted that the partnership would eventually allow Flipkart to access eBay's network of international vendors, and vice versa, but these plans never actually came to fruition. 40 In October 2015, Flipkart reprised its Big Billion Day event, except as a multi-day event that would be exclusive to the Flipkart mobile app. "Flipkart to launch 'Flyte Digital Store' in March".