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For the uninitiated: Flipkart is AMZN of India. They are doing tonnes of sales here. FK is getting so much valuation as India does not have a big enough organis

For the uninitiated: Flipkart is AMZN of India. They are doing tonnes of sales here. FK is getting so much valuation as India does not have a big enough organised retail (roughly 5%). This means there is a generation which would move on from unorganized retail to online. And hence the astronomical valuations. FK also has some unique ideas. For instance, they launched Moto e, g and x in India as exclusive sellers. They managed to sell 1 million of those phones in last 6 months. This alone would have easily resulted in a $20-25 million rev.

shimon_e 12y ago
20-25 million revenue? I think you left off a zero there.... Unless those phones only have an average price of $20-25 in India.
- ashray 12y ago
  He could mean net revenue for the retailer as in profit. I don't think these phones would have a margin much greater than $20-$25 ?
  - frandroid 12y ago
    Then that's called income, not revenue.
    - ashray 12y ago
      No need to downvote if you just disagree, that's not how HN is supposed to work :( It appears that you are using a different meaning for revenue. http://en.wikipedia.org/wiki/Revenue http://en.wikipedia.org/wiki/Revenue Revenue normally refers to top-line or gross income. This is why I clarified with the 'net-' addition, it's probably what led to the confusion in the first place. Flipkart nowadays anyway operates on a 'store' model for the most part so sales margin for this discussion could actually be meaningless anyway. But since they were doing an exclusive, perhaps they were directly selling, in which case it would be pertinent to the discussion.
      - deleted 12y ago
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