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
-
Airtel has partnered with the government to launch the first public Wifi in the state. Currently, the pilot project is underway at 17 ...
-
RBI governor Raghuram Rajan on Tuesday revealed his resolution to focus on fighting inflation in the coming months, thus hinting at his p...
-
Devi Shetty-promoted Narayana Health (formerly known as Narayana Hrudayalaya) has acquired Westbank Hospital in Howrah, West Bengal, for ...
-
President Shri Pranab Mukherjee today conferred the Indira Gandhi National Service Scheme Awards for the year 2013-14 to 53 institutions ...
-
India and Japan have taken several steps to boost investment between the two countries. As part of India-Japan Strategic and Global Par...
-
After fundraising, deals and valuations last year, now the e-commerce companies are turning their focus on to office space absorptio...
-
Pharmaceutical firm Cipla has acquired 60 per cent stake in a new company in Sri Lanka for $14 million (nearly Rs 85 crore) to market its...
-
The Asian Development Bank (ADB) has approved a $350 million loan to upgrade district roads in India’s Madhya Pradesh state in a proje...
-
Popular film writer Ganesh Patro passed away this morning in Chennai after prolonged illness. He was suffering from cancer and was ad...
