Flipkart is an Indian e-commerce company headquartered in Bangalore, Karnataka. It was founded by Sachin Bansal and Binny Bansal in 2007. In its initial years, Flipkart focused on online sales of books, but later it expanded to electronic goods and a variety of other products. Flipkart offers multiple payment methods like credit card, debit card, net banking, e-gift voucher, Cash on Delivery and Card Swipe on Delivery.
Initially funded by the Bansals themselves with 
400,000, Flipkart has raised funding from venture capital funds Accel India (US$1 million in 2009). and Tiger Global (US$10 million in 2010 and US$20 million in June 2011.
400,000, Flipkart has raised funding from venture capital funds Accel India (US$1 million in 2009). and Tiger Global (US$10 million in 2010 and US$20 million in June 2011.
An arm of e-commerce company Flipkart has launched PayZippy, an online payments solution, a standards-certified payment solution available to Indian e-commerce websites. It is backed by an indigenously developed fraud detection system and is robust and scalable, having been tested on flipkart.com over the past year.
PayZippy enables credit and debit card payments for e-commerce and mobile sites. Flipkart intends to partner with 2,000 websites by March 2014.
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