Tag - flipkart

Flipkart losses increased by 750%

For the FY ending March 2018, Flipkart’s wholesale arm, Flipkart India’s losses has increased by nearly 750% to over Rs 2,000 crore, while the online marketplace company, Flipkart Internet has reported losses of about Rs 1,100 crore, which is a drop of just under 30% compared to the...

Flipkart raises $1.4 Billion; Acquires Ebay India

This is being talked for so many days and Flipkart has finally confirmed this Flipkart Group has raised a total of $1.4 billion from Tencent, eBay and Microsof. This investment adds to an existing group of marquee investors that include Tiger Global Management, Naspers Group, Accel Partners and DST...

Amazon Beats Flipkart In Gross Sales ? #July16

Amazon could be on its way to pip Flipkart as the top e-commerce seller in India. Amazon’s gross sales in July were above Rs 2,000 crore, while Flipkart’s gross merchandise value (GMV) for July were reportedly less than Rs 2,000 crores. However, these numbers exclude revenue from Jabong and Myntra...