Both Amazon and Flipkart are well-known e-commerce websites in India today. Amazon was founded by Jeff Bezos in July 1994, while Flipkart was founded by Sachin Bansal and Binny Bansal in October 2007. It is clear from this that Amazon was established before Flipkart. Although in today’s time both the companies have dominance. In this article, we are going to tell you some interesting facts about both Amazon and Flipkart companies.
facts related to amazon
- Jeff Bezos initially wanted to name the company “Cadabra”, but later changed the name to “Amazon”, realizing that “Cadabra” was too similar to “cadaver”.
- Amazon was a bookseller. The first book sold on Amazon’s site was Douglas Hofstadter’s “Fluid Concepts and Creative Analogies: Computer Models of the Fundamental Mechanisms of Thought”.
- In addition to selling products, Amazon also provides web hosting services through Amazon Web Services (AWS), which is currently the world’s largest cloud computing platform.
- By 2022, Amazon is set to become the world’s largest online retailer with over 200 million monthly active customers and a market value of over $1.5 trillion.
facts related to flipkart
- Flipkart was founded in India and currently it is the largest e-commerce company in the country.
- The company started as an online bookstore, then later expanded to sell a range of products including electronics, clothing and home goods.
- In 2018, Flipkart was acquired by Walmart for $16 billion, making it one of the largest e-commerce acquisitions in history.
- Flipkart has also launched several successful initiatives such as the Big Billion Days Sale, which is one of the biggest online sale events in India.
- The founders of Flipkart, Sachin Bansal and Binny Bansal, are both former Amazon employees.
Both Amazon and Flipkart have an interesting history. Amazon has a global reach, while Flipkart is the largest e-commerce company in India and has launched successful initiatives like the Big Billion Days Sale. Despite their differences, both the companies have played a significant role in shaping the e-commerce industry and continue to be major players in the market.
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