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About P NAGARAJAN

I  have completed BCA and served in Infotech Company Bangalore . Now  I am affiliated to sebosa.in/ Clickbank/Flipkart/Amazon/Shadi.com/facebook and so on.  Now I am at Thanjavur district of Tamil Nadu State. I am promoting and selling  products through online.

P.NAGARAJANhttp://nagarajan22.blogspot.in

Flipkart

Flipkart is an Indian e-commerce company headquartered in Bangalore, Karnataka. It was founded by Sachin Bansal and Binny Bansal in 2007. In its initial years, Flipkart focused on online sales of books, but later it expanded to electronic goods and a variety of other products. Flipkart offers multiple payment methods like credit card, debit card, net banking, e-gift voucher, Cash on Delivery and Card Swipe on Delivery.^[3]

History

Flipkart was founded in 2007 by Sachin Bansal and Binny Bansal, both alumni of the Indian Institute of Technology Delhi. They worked forAmazon.com before quitting and founding their own company. The first book the company sold was John Woods' Leaving Microsoft to Change the World.^[4] Today, as per Alexa traffic rankings, Flipkart is amongst the top 20 Indian Web sites and has been credited with being India's largest online bookseller^[4] with over 11 million titles on offer. Further in 2012, Flipkart added A.C, air coolers, stationery supplies & life style products ^[5] to its product portfolio.^[6] As of today, Flipkart employs more than 4,500 people.^[7]

Initially funded by the Bansals themselves with 400,000,^[4][8] Flipkart has raised funding from venture capital funds Accel India (US$1 million in 2009)^[9][10][11] and Tiger Global (US$10 million in 2010 and US$20 million in June 2011).^[12][13][14]

Flipkart.com, on 24 August 2012, announced the completion of its 4th round of $150 million funding from MIH (part of Naspers Group) and ICONIQ Capital.^[15] 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. ^[16]

Enforcement Directorate probe

On November 2012, Flipkart became one of the companies being probed for alleged violations of FDI regulations of the Foreign Exchange Management Act, 1999^[17][18]