This has made educators examine newer instructional methodologies whose efforts have brought a shift in the teaching methods from traditional methods to contemporary methods. Though similar philosophies and techniques have come up over the past few decades, the flipped classroom is a prominent approach in the educational environment. A modest definition of the flipped classroom is the reversal of traditional lecture and instructional classes. These flipped classrooms have become popular swiftly, but the controversies associated with them have also become intensified. The prime rationale of flipped classroom teaching is to improve the students' engagement and faculty interaction time with students. Though flipped classroom is not a universal remedy for all higher education teaching and learning afflictions, they can be incorporated in certain settings which may offer prudent outcomes over the older teaching methods. Therefore, the present review propounds the goals of the flipped classroom and its approaches in distinct educational settings. The review also presents the online platforms and technological tools that are used in the flipped classroom. The study also presents a comparison between the traditional and flipped teaching methodologies along with the challenges associated and thus offers recommendations for future research in this context.