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Amazon is burning much more money than flipkart right now. They have invested more than flipkart's total funding and still doing quarter of Flipkart business.
by gumshuda 10y ago
Amazon is burning much more money than flipkart right now. They have invested more than flipkart's total funding and still doing quarter of Flipkart business. Flipkart on the other side is trying to reduce its loss and trying to do breakeven in few categories.
- tmptmp 10y agoSource for the figures? just curious.
- gumshuda 10y agoSorry , was away for sometime. Source for market share: http://m.economictimes.com/industry/services/retail/indian-ecommerce-market-to-grow-fastest-globally-over-3-years-morgan-stanley/articleshow/51031652.cms http://m.economictimes.com/industry/services/retail/indian-e... Source for funding: actually I was wrong on this point. Amazon have invested $2B and flipkart till now had $3.3B funding.