Flipkart is looking at sales worth $8-billion in the current year.The company is also targeting to sell one billion goods on its platform annually within a couple of years.In March last, Flipkart hit an annualized run rate revenue of $1 billion.The company’s current gross merchandise value (GMV) is over $3 billion, the sources added.The e-tailer said the company wanted to sell 25 million units a month, and would add 100,000 sellers on its platform in the current year.The company, which has raised around $2 billion in funding so far, is aggressively expanding its infrastructure and seller base.
Popular Posts
-
Election Commission here on Thursday issued notices to Chief Minister K Chandrasekhar Rao and IT Minister, KT Rama Rao for violating ...
-
Hyderabad Nov 24 (): Chief Minister K Chandrasekhar Rao onTuesday stated that District Selection Committee will be conducted to appoint ...
-
The Union government has decided to ban the use of Gmail or any other private email for official communication across all its organi...
-
In a setback to Congress leader and former Chief Minister of Maharashtra Ashok Chavan, the Bombay High Court today refused to drop his n...
-
Hyderabad Dec 17: Noted woman writer Popuri Lalitha Kumar alias Volga has been chosen for the prestigious Kendra Sahithya Academy award f...
-
State-run Coal India (CIL) is considering possible stake buy in a railway project in Mozambique that helps the world's biggest coal m...
-
The proposed SAARC Motor Vehicle Agreement has wider scope for movement of all types of vehicles across SAARC member States and will be ...
-
Hyderabad, June 19: Power production, ports and oil and natural gas are to play a pivotal role in driving prosperity in Andhra Pradesh...
-
The newly formed Telangana state government seems to be not spending the money on publicity by providing to advertisements in print, ele...
-
India's Kailash Satyarthi received the Nobel Peace Prize for 2014, sharing it with Pakistan's Malala Yousafzai, the youngest e...