How has Flipkart evolved since its founding?

Founded in 2007 by Sachin Bansal and Bini Bansal, Flipkart began as a simple online bookstore but has grown exponentially to become one of India's biggest e-commerce players. The company now offers a wide assortment of products across numerous categories, moving far beyond its original focus. Flipkart operates with a hybrid business model that blends inventory and marketplace approaches. It serves as a platform connecting sellers with customers while maintaining warehouses for quicker delivery. With estimated annual revenue exceeding $3 billion, Flipkart has transformed into a major force in the retail sector.