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"Indian customers spend more on the Amazon website than Flipkart's turnover." Got anything to support that? My experience suggests otherwise.
by gnufied 15y ago
"Indian customers spend more on the Amazon website than Flipkart's turnover."
Got anything to support that? My experience suggests otherwise.
- plinkplonk 15y agoNo source I can point to, just something that a friend who works at Amazon told me when we discussed the coming Flipkart vs Amazon war. I don't think Amazon publishes revenue broken down by country. (and even if they do I am not aware of it - I am a hacker, not an Industry/finance analyst :p). There are some 'figures' here. http://www.quora.com/What-is-an-estimate-for-revenues-gross-or-net-and-the-number-of-transactions-per-day-on-popular-e-commerce-sites-in-India-Flipkart-Naaptol-etc http://www.quora.com/What-is-an-estimate-for-revenues-gross-... According to Mahesh Murthy Flipkart (or did, at some random point in time) Rs 55,00,000 worth of revenue (not profit) a day . That is about 100,000 US $ worth, which equates to about 36 million US $ a year Again these are all estimates, by hearsay.I don't think anyone except people working at or investing in the companies have solid information.