Re:Saving Private Flipkart
by gumshuda on Tuesday April 26, 2016 @09:43AM
(#11571754)
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.
[ Parent
| on HN ]
Source for the figures? just curious.
Sorry , was away for sometime.
Source for market share:
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.