It was co-founded by Sachin and Binny Bansal in 2007 after resigning from their jobs at Amazon India. They started with 4 lakh in seed capital and just two of them as employees, they were pouncing on a demand supply gap in online bookselling .The duo initially did everything, from programming, forging supplier relationships and book procurement to logistics, packing and shipping.Initially , Flip-kart started by offering 50000 titles, Today, it offers four million. it has 500000 registered users and has sold 750000 books so far.it sells four items every minute. The firm's success mantra: employing technology for speedy and accurate delivery to customers.
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