E-commerce has gained a lot of popularity in recent years. It has increased the shopping experience for the customers as people have a wide range of options to choose from according to their needs and preferences in the comfort of their home. Two such popular and preferred online retail companies are amazon and flipkart. Although both these companies offer almost all similar products and services there are few criteria’s under which they can be differentiated
Amazon is a multinational technology company established by Jeff Bezos in the year 1994 in Seattle, Washington. It was primarily an online bookselling company but it eventually ventured into a lot of new products and services in different arenas. Flipkart is a Singaporean e-commerce company established by Sachin Bansal and Binny Bansal in the year 2007 in Bangalore, Karnataka. Flipkart also in its initial days stated as an online bookselling company but eventually ventured into several other products and services to cater to the needs of the users.
The difference between amazon and flipkart amazon is a multinational company and available all over the world whereas flipkart is a Singaporean company with its headquarters based in Karnataka, Bangalore. Flipkart is available only for Indian users. Amazon on certain occasions for few products ships them internationally whereas for flipkart it does not do international shipping.
Comparison Table Between Amazon and Flipkart
|Parameter of Comparison||Amazon||Flipkart|
|Founder||Jeff Bezos||Sachin Bansal and Binny Bansal|
|Founding year||July 5, 1994||2007|
|Headquarters||Seattle, Washington, U.S.A.||Karnataka, Bangalore, India|
|Company type||Its is a public listed company||It is a private listed company|
|Exclusivity||Amazon is available all over the world||It is available only in India|
|Comparison of products||Comparison of products cannot be done||Comparison of products can be done|
|Revenue||US $ 280.522 billion ( 2019 )||US $ 6.1 billion ( 2019 )|
What is Amazon?
Amazon is an American multinational technology company. It is an e-commerce platform based in Seattle, Washington, founded by Jeff Bezos on July 5, 1994. Amazon is among the big five companies in the U.S. information technology industry. The company initially started as an online bookselling company, but eventually, it has drastically expanded and now sells electronics, software, video games, apparel, furniture, food, toys, jewelry, and many more.
Amazon currently is the largest e-commerce company and the most valuable company in the world. Amazon allows downloading and streaming of videos, music, and audiobooks via prime video, amazon music, twitch, and audible subsidiaries. Over 40 subsidiaries are owned by amazon which the users can choose from according to their needs and requirement. Amazon also has a publishing forum amazon publishing, a film and television studio on amazon studio and cloud computing subsidiary, amazon web series. Amazon also produces consumer electronics such as kindle, fire tablet, fire TV, and echo devices.
Amazon for few countries hasa special retail website and also often provides international shipping for a few of its products. The amazon website had been visited by 615 million users annually in 2008 however, in 2016 130 million users were just visiting the U.S. website itself each month. A huge amount has been invested by amazon on its server capacity for its website as often there is too much traffic causing the server to crash.
What is Flipkart?
Flipkart is a Singaporean e-commerce company. It was founded in the year 2007 by Sachin Bansal and Binny Bansal. The headquarters of the company is located in Bangalore, Karnataka. Initially, the company started as an online bookselling company but later on ventured into selling several other products such as electronics, apparel, home essential, groceries, and lifestyle.
In 2017 March flipkart held 39.5% of the market shares in India’s e-commerce industry. Flipkart has a more superior position in the apparel section giving tough competition to fellow company myntra. In August 2018, 81% stakes of flipkart were owned by U.S. based retail chain walmart. The company valuing at $20 billion walmart bought the stakes for $16 billion.
The subsidiaries of flipkart that the users can enjoy according to preference are myntra, jabong.com, phonepe, ekart, and 2gud. Flipkart is an Indian company and it does not ship its products outside India. It is majorly based in India.
Main Differences Between Amazon and Flipkart
- Amazon was founded by Jeff Bezos whereas flipkart was founded by Sachin Bansal and Binny Bansal.
- Amazon was founded in the year 1994 whereas flipkart was founded in the year 2007.
- Amazon has its headquarters in Seattle, Washington U.S.A. whereas flipkart has its headquarters in Karnataka, Bangalore.
- Amazon is a public listed company whereas flipkart is a private listed company.
- Amazon is available all over the world. And certain products can be shipped internationally. Flipkart is an India based company hence it is only exclusively available in India shipping across India does not happen.
- On the amazon website products cannot be compared for easy accessibility. On the flipkart website products can be compared which makes it easier for the users to choose form.
With the digital revolution at its speed e-commerce has gained quite a popularity over the years. It has created a lot of new opportunities for the users as they have more options to choose from according to their preferences. Two such online platforms are amazon and flipkart. The two companies are a tough competitor of each other with both the companies trying to match each other’s pace and continuously introduce new projects in the market stating their growth.
Amazon is a multinational company founded by Jeff Bezos in the year 1994. It has its headquarters located in Seattle, Washington. Amazon is available all over the world with a special retail website for a few countries. Flipkart is a Singaporean based e-commerce website founded by Sachin Bansal and Binny Bansal in the year 2007. Flipkart is exclusively only in India and it ships its products only across India.