Definitely, the biggest e-commerce site in India. There is a Flipkart delivery guy trolling around my house my office and everywhere else I go. Like the Maruti service station ad says, you are never too far from one. They started with books and now sell almost everything.
Though they crossed 100 crore monthly sales back in June 2012, that’s 25, 000 orders daily, seventeen per minute. But there have been constant consternation about their bottomline and profitability. The company employs 4800 people and has delivery network in 37 cities. That ensures great service but runs up very high operational cost too. Precisely why, after raising$150 million in fourth round of funding earlier this year, they are again in the market looking for another$100 million.
That sounds like a big amount, but let me show you how big that number truly is by comparing it with other’s funding:
Snapdeal:$53 million
Myntra:$39 million
Fashionandyou: 48 million
Yebhi:$30 million
If you are interested in the details, read the longer version of the Flipkart story here and here. I am interested in getting this rock around my neck of a post done and over with. So, here we go:
- See more at: https://theyoungbigmouth.com/2012/12/22/my-experience-with-online-shopping-snapdeal-flipkart/#sthash.AA9w0J7N.dpuf