Showing posts with label Big Billion Days. Show all posts
Showing posts with label Big Billion Days. Show all posts

Monday, October 26, 2015

Flipkart sold $200 million worth of smartphones during the 5-day ‘Big Billion’ sale


Yes, you heard that right... $200 million! I ain't joking read below...


E-commerce portal Flipkart, which hosted its ‘Big Billion Sale’ during between 13 and 17 October, saw a sale of more than $200 million worth of mobile phones with most consumers opting for 4G-enabled devices.

Ankit Nagori, Chief Business Officer, Flipkart, in a conversation with the Economic Times, said, “Mobile phones made up two-thirds of the $300 million worth of products purchased by consumers during the sale, which started on October 13. Flipkart sold 250 mobile phones every minute, of which 190 were 4G phones, during the five days.”


Well it has overtaken its own record of selling the most smartphones, Last Year during the Diwali Sale, Flipkart had sold 60 Million worth smartphones. Nagori also shared that 4G-enabled smartphones were sold the most during the sale, and 80 percent of those were under the price tag of Rs 10,000.

Image: Economic Times

According to the report, Flipkart has sold 6 million 4G devices since such affordable devices entered the Indian market roughly 10 months ago. Approximately, 7-8 million smartphones are sold monthly in India.

During the sale, the top selling smartphones were Lenovo K3 Note, Moto G3, Samsung Galaxy J5 and J7. According to Nagori, the demand for 4G handsets came mostly from Maharashtra, Karnataka, Andhra Pradesh, Tamil Nadu and Gujarat.

Nagori added, “There’s a very large chunk of customers who are buying 4G phones because they want their phones to be future-ready, so even when 4G networks are not rolled out across the country, no one wants to buy an inferior phone.”

Lets Hope India creates an amazing 4G network with Reliance Jio, Vodafone and Airtel providing better networks and also better customer support. So these people aren't disappointed.

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Sunday, October 18, 2015

Flipkart CEO Turns Delivery Boy! Will be delivering for next few days!



On Friday, Flipkart CEO Sachin Bansal decided to get out of his comfortable air-conditioned office and went out to learn about the challenges of delivery boys and to gain insights into the online buyer's soul.

In a first, the corporate honcho went out in the sun and delivered goods to various customers.
After bringing the shopping experience to homes, Sachin Bansal and Binny Bansal will now show up at the doorsteps of some customers, personally delivering goods.

"Over the next 15-20 days, everyone will go out and deliver to customers, starting with some of the leaders," said Binny Bansal, cofounder of Flipkart, India's largest online marketplace.


While Flipkart has grown to become an e-commerce juggernaut valued at over $15 billion, the gesture is also a reminder of Flipkart's early days back in 2007, when the two Bansals scurried across Bengaluru on their scooters to deliver books...
His first delivery went very well. And Bansal said, the customer was happy too.

However, not everything was easy. Bansal had to wait for a while for his second customer to finish bathing before he could deliver the good.

But he appears to have had a good time...


He also posted selfies with his fellow delivery mates.
"We want to learn more about the market, customers and understand what the need is for the future — also to thank them," said Bansal, who has seen his personal fortune swell because of Flipkart's valuation Both the Bansals debuted on Forbes' rich list this year with an estimated wealth of about $1.3 billion each.

Joining them for the home visits will be Mukesh Bansal, who heads Flipkart's ecommerce business, and leaders including Punit Soni, chief product officer, Ankit Nagori, chief business officer, and KV Anand, senior vice president - customer experience. Earlier this week, after Flipkart kicked off Big Billion Days, a fiveday shopping festival offering discounts, the company sent 50,000 postcards to prospective buyers in some of India's remotest areas, encouraging them to shop online.

Unlike last year's Big Billion Day, this time there were fewer glitches. "This not only changes things for Flipkart, but it changes the course of ecommerce in India. It pushes the boundaries for everybody in the ecosystem, including sellers and logistics providers," Bansal said. An average seller will now easily be able to handle five times the regular shipments, he said. Flipkart is targeting sales of over 10 million units of different products over the five days. "That's the sales we do in a month," said Bansal.


Over 3 million phones were sold on the first two days of the sale. Traffic to Flipkart, mainly through its mobile app, reached 70 million visits, the company said.

Anticipating huge demand, the company had moved operations to a bigger data centre in Chennai earlier this year. It also ramped up its logistics and seller capabilities. From less than 4,000 sellers on its platform last year, Flipkart now has 50,000 sellers.
"We've had to pick up a month's worth of products in five days and we've already shipped lakhs of units to customers," Bansal said.

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