-
The online sale season in 2015 saw the ecommerce segment make huge gains, but that has not translated into a windfall for all concerned. In fact, there is a tremendous heat on Flipkart, thanks to Amazon’s strong showing of late. The numbers concerned are humongous indeed for all concerned, but the latest managaement changes at Flipkart has put the spotlight on this Indian e-retailer – On Monday e-commerce giant Flipkart announced the appointment of Binny Bansal as its new CEO, elevating Sachin Bansal as its executive chairman. Check out the Flipkart vs Snapdeal vs Amazon numbers: (Express photo)
-
According to internet analytics firm comScore, Amazon India saw over 200 million visitors on its web and mobile sites in October. For the same period, Flipkart saw 164 million visitors on its web and mobile sites combined, while Snapdeal saw 109 million visitors. (Reuters)
-
Two of its main entities Flipkart India and Flipkart Internet incurred a loss of Rs 2,000 crore in the year ended March 2015, according to the filings with the Registrar of Companies. (Reuters)
-
![“Amazon has actually eaten away a lot of market share of Flipkart and it doesn’t seem that Flipkart is in a commendable position as compared to Amazon. Snapdeal, while giving huge competition to Flipkart, is also eating into its business. If you look at the last round of [Flipkart], it was a flat round. The company doesn’t seem to be doing that well the way it did in 2014,” said a venture capital source, who did not wish to be named.](https://images.financialexpressdigital.com/2016/01/Amazon.jpg)
“Amazon has actually eaten away a lot of market share of Flipkart and it doesn’t seem that Flipkart is in a commendable position as compared to Amazon. Snapdeal, while giving huge competition to Flipkart, is also eating into its business. If you look at the last round of [Flipkart], it was a flat round. The company doesn’t seem to be doing that well the way it did in 2014,” said a venture capital source, who did not wish to be named.
-
Morgan Stanley valued Flipkart shares at $87.86 apiece as on March 31, 2016, compared with $103.97 each in December 2015 and $142 per share in June 2015. (Reuters)
8th Pay Commission to be implemented only by early 2028? Here’s what central govt employees, pensioners must know
