Flipkart's loss doubled & revenues grew 5x in 2012-2013
Flipkart is surely an interesting company. According a report in LiveMint, Flipkart's revenues in the last financial year (that ended on March 31, 2013) grew 5x to about Rs. 1366 crores. The company however continues to make losses - the losses almost doubled as compared to previous year and in 2012-2013 the company reported a total loss of about Rs. 281.7 crore.
I wonder if Flipkart's is on its way to 'doom'. The company seems to be finding it very difficult to keep up with its own growth. The company definitely is trying to make sure that they have a more sustainable business model - and changed from being an online retailer to a marketplace where resale partners could list their own offerings.
Do you think Flipkart's downfall has started OR it's just too early to comment on anything? More specifically - do you think Flipkart will emerge as an independent entity (like Amazon) and not get acquired by some big fish (Amazon, maybe).