I read this article (http://in.finance.yahoo.com/news/Flipkart-gets-jump-Amazon-reuters-2647869305.html) about the Bansals started Flipkart. And that their annual revenue was $11m last year, expecting to reach 100m by this year and $1B by 2015.
Wow. Is this for real?
Update on 25-Aug-2012: http://timesofindia.indiatimes.com/business/india-business/Cash-strapped-Flipkart-raises-150m/articleshow/15650742.cms Cash strapped and raised $150m. And is it on the road to $1b valuation by 2015?
Update on 26-Apr-2016: http://www.livemint.com/Companies/7zVXid1PdH2YwxKAzVIbaP/Inside-Flipkarts-reversal-of-fortunes.html : Valuation is reduced from $25billion to about $13billion and not making money.
Also this: http://www.livemint.com/Companies/lFfG9DK1q0o5e0G2mt1EbP/Haresh-Chawla-clarifies-his-Flipkart-story.html I don't understand what GMV is, but I do understand one thing. What's revenue growth when you are not making any profits?
Update on 25-Aug-2012: http://timesofindia.indiatimes.com/business/india-business/Cash-strapped-Flipkart-raises-150m/articleshow/15650742.cms Cash strapped and raised $150m. And is it on the road to $1b valuation by 2015?
Update on 26-Apr-2016: http://www.livemint.com/Companies/7zVXid1PdH2YwxKAzVIbaP/Inside-Flipkarts-reversal-of-fortunes.html : Valuation is reduced from $25billion to about $13billion and not making money.
Also this: http://www.livemint.com/Companies/lFfG9DK1q0o5e0G2mt1EbP/Haresh-Chawla-clarifies-his-Flipkart-story.html I don't understand what GMV is, but I do understand one thing. What's revenue growth when you are not making any profits?
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