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March 07, 2015 12:34 AM ET

Internet and Catalog Retail

Company Overview of Flipkart Online Services Pvt. Ltd.

Company Overview

Flipkart Online Services Pvt. Ltd. owns and operates an online shopping Website in India. It provides books, movies, music, games, consoles, gaming accessories, mobiles, mobile accessories, cameras, camera accessories, computers, computer accessories, network components, software, peripherals, home and kitchen appliances, TV and video products, and personal and health care products. Flipkart Online Services Pvt. Ltd. was founded in 2007 and is based in Bengaluru, India.

No. 447/B, 1st A Cross

12th Main, 4th Block

Opposite BSNL Telephone Exchange

Koramangala

Bengaluru,  560034

India

Founded in 2007

Phone:

91 80 3023 7000

Fax:

91 80 3023 7000

Key Executives for Flipkart Online Services Pvt. Ltd.

Co-Founder and Chief Executive Officer
Co-Founder and Chief Operating Officer
Chief Financial Officer
Age: 54
President of Operations
Marketing Chief, Head of Flipkart Commerce Platform and Director
Compensation as of Fiscal Year 2014.

Flipkart Online Services Pvt. Ltd. Key Developments

Flipkart Appoints Punit Soni as Chief Product Officer

Flipkart announced that Punit Soni, a Google product management executive and former vice president of product management at Motorola, will join Flipkart as chief product officer. Punit will lead the product definition and innovation charter for Flipkart consumer products, marketplace and transaction platform. In this role, Punit will be driving product strategy, design and product marketing functions to build world class user interface and product solutions.

Flipkart Reportedly In Talks To Raise Funds

Flipkart Online Services Pvt. Ltd. intends to raise funds. Flipkart is again in talks with investors to raise at least $500 million. The company is discussing fund-raising with existing as well as new investors, sources said. It is likely to use the fresh funds for technology to match the scale of the business and market share. "They have begun searching for funds again, as the company feels accumulating funds, though not desperately needed at present, is a good strategy. Talks have just started and it may take a few months to finalize the intricacies," a source close to the development said, requesting anonymity. Business Standard added that Flipkart refused to comment on the matter.

Flipkart To Reportedly List In Next 18 Months

Flipkart Online Services Pvt. Ltd. is preparing to raise at least $5 billion through an initial public offering (IPO) on the US bourses in the next 18 months. Flipkart Online Services Pvt. has not officially signed on any banker for the listing process but has stepped up work on the same. Morgan Stanley (NYSE:MS), The Goldman Sachs Group, Inc. (NYSE:GS), Citigroup Inc. (NYSE:C) along with Deutsche Bank AG (DB:DBK), are in discussions with Flipkart Online Services Pvt. Ltd. for the sale mandate, Economic Times reported citing multiple sources directly involved in the matter. Flipkart Online Services Pvt. Ltd. declined to comment on the story. The Goldman Sachs Group, Inc., Citigroup Inc. along with Deutsche Bank AG declined comment, while Morgan Stanley did not respond to queries on this report.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 5, 2015
AdIQuity Technologies Pvt. Ltd.
Merger/Acquisition
December 16, 2014
JiGrahak Mobility Solutions (P) Ltd.
Private Placement
November 24, 2014
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