Hi @SushantTrimukhe 
Welcome to the community and welcome to Klaviyo, we are sure that you will fit in well!
 

Certainly you can create the abandoned cart, if you have integrated Klaviyo with Magento you will already have quite a few suggestions in the flows section.
 

I also found a post from a few months ago where @Ashley I.  was very comprehensive both on the technical side and in terms of ideas: https://community.klaviyo.com/campaigns-and-flows-30/abandoned-cart-email-7328

Also there is an equally comprehensive article with several case studies, data to build on and general ideas: https://www.klaviyo.com/blog/abandoned-cart-email

These are both very quick reads, surely knowing the brand, target audience and tone of voice (as well as other info) can also allow us to give you more specific and useful advice in your case.

I hope I have helped you in some way, feel free to ask any other questions ;)