Ad Here  
January
February
March
April
May
June
 
 
Aircraft lessors to get protection from defaulting airlines Infosys not to cut prices Lanco to sell Australian acquisition German envoy Steiner caps a language row While MoTown is on a tailspin, the telecom sector is staging a rally TCS, Indiaís biggest block buster Renault revving up small car launch GMR to raise US $ 250 mn thru QIP Excise duty may halt the war in SUV market Vodafone slapped with tax notice of Rs 3700 crore Airlines hit by service tax on lease How important is Modiís German visit... ONGC to draw down on reserves to meet CAPEX needs Flipkart India in the red by Rs 280 crore Hunt for new finance secretary on... LANCO opens negotiations with buyers for Karnataka power plant SpiceJet in the news again Kolkata kisses goodbye to Ambi? Urja Sangam in Delhi Jet-Etihad Rs 2000 plus crore deal to be cleared Carlyle invests in Trehanís Medanta Medical Centre Fox Star Studios to tie-up with Bolly-wood and Kollywood Capital Notes Singapore Airlines prefers Airbus Latin America beckons India for investments TVS bullish on the two wheeler market? Trends point to a hung assembly Plans to double trade with Latin America Vodafone to buy out minority shareholders Hyundai Grand i10 awaiting launch Smartphone prices may change Automobile sector in slump... Wal-Mart studying FDI norms post split with Bharti Canada screams over IT outsourcing to India
 
Flipkart India in the red by Rs 280 crore

India’s most popular and durable online buying portal, Flipkart  India, has reported a loss of Rs 280 crore plus ending March this year. It’s much bigger than its loss of Rs 100 crore plus last year. Revenues actually soared five times to over Rs 1180 crore from a mere Rs 204 crore in the previous year, but expenses jumped equally five’fold to Rs 1336 crore from Rs 265 crore last year. Its cash balance dropped to Rs 166 crore or so on 31 March from Rs 236 crore a year ago. Deeper losses coupled with soaring sales are Flipkart’s new strategy of a winner takes all approach that aims at revenue growth at any cost to garner market share. It’s actually following the US portal Amazon.com’s model. To finance its expenses it has raised 550 million USD in the last five years which includes 360 million USD this year alone.

Author :
Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com