Flipkart sees 150% growth in sales of products this year

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Bangalore | Published: August 11, 2015 1:04:17 AM

E-commerce major Flipkart on Monday said it has sold 150 million products this year alone, clocking a growth of 150% compared with the same period last year.

E-commerce major Flipkart on Monday said it has sold 150 million products this year alone, clocking a growth of 150% compared with the same period last year. The company said categories such as fashion & lifestyle, home and consumer electronics were the most sought after areas people flocked to shop for this year.

Flipkart, which is still to make profit and is valued at more than $15 billion, has raised more than $2.5 billion from more than a dozen investors. It has 30 million products listed across 70-plus categories, including exclusive launches by various brands.

“We have always aspired to build a platform that can service the shopping needs of the people. It has been a long journey from selling our first book to selling 150 million products. We both are humbled and energised to strengthen our efforts to build India’s largest shopping platform that can service every Indian,” said Sachin Bansal, CEO and co-founder, Flipkart, in a statement.

The e-commerce major has 33,000 employees at present. It had earlier acquired fashion portal Myntra for $300 million and later turned it into an app-only platform. The eight-year-old company has said more than 75% of its traffic comes via mobile, which it claims is “reflecting the changing shopping trends across the nation.” Overall, it claims to have over 45 million registered users clocking over 10 million daily visits.

“This milestone is testimony to the phenomenal scale we have built from our selection to technology platform to supply chain capabilities. We will double our efforts to build a platform that can service billion products in a year while continuing to raise quality of services and delivering world-class mobile shopping experience,”  said Mukesh Bansal, head, commerce platform, Flipkart.

The company had aggressively roped in more sellers this year. To help sellers with capital to sell more products online, it came up with a seller-financing programme. It claims to have more than 30,000 sellers, which it expects to grow to 1 lakh by the end of this year.

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