Latest Flipkart Valuation - $850 Million!

@thebigk • Oct 22, 2024

Oct 22, 2024

1.1K

Flipkart has not doubt set standards for the Indian eCommerce. Flipkart is growing at a rapid rate and ships over 30k items every single day! No doubt, the venture capitalists are interested in the startup and want to give a higher valuation to the company. Flipkart's existing investors Accel Partners and Tiger Global Management. have invested $150 million in Flipkart pushing the overall worth of the company to whooping $850 million!

It's now more interesting to see how Amazon & Flipkart fight builds up in India. Amazon recently entered India by proposing to start their own courier service - a step Flipkart's already taken. What do you think about Flipkart's latest valuation?

Like 0 Replies 6

Replies

Welcome, guest

Join CrazyEngineers to reply, ask questions, and participate in conversations.

CrazyEngineers powered by Jatra Community Platform

I_am_Kunal :)

@i-am-kunal-lBstgK • Jan 30, 2012

The_Big_K
It's now more interesting to see how Amazon & Flipkart fight builds up in India. Amazon recently entered India by proposing to start their own courier service - a step Flipkart's already taken. What do you think about Flipkart's latest valuation?

Flipkart's owners were ex employees of Amazon. Sad to see that they have to now fight their own mentors.
But Flipkart has established a level of trust with many Indian consumers , so they have an edge. But Amazon has got deep pockets full of cash.
And if Amazon has to survive they will have to bring in Cash on Delivery (which they most definitely will). Indians love Cash on Delivery.
Kaustubh Katdare

@thebigk • Jan 30, 2012

I_am_Kunal :)
And if Amazon has to survive they will have to bring in Cash on Delivery (which they most definitely will). Indians love Cash on Delivery.
Agreed. Amazon will definitely bring in the CoD option. Flipkart says that over 70% of their orders are CoD. The competition is going to be a lot more interesting. Flipkart is an established brand but Amazon has a bigger brand and delivery models at their disposal. Now Amazon even has millions of dollars (which will grow 50x in India) which they can invest in advertising and branding!

Flipkart must grow their inventory and also make sure that they've more items on the list. I personally want to see Flipkart succeed and watching how this 'globalization' thing plays with Indian companies.
Anoop Kumar

@anoop-kumar-GDGRCn • Jan 30, 2012

Flipkart ,till now, provided the far better service than ebay.in,indiatimeshopping or others and already providing COD which is attracting buyer while Amazon is a big trusted brand with international items going to be biggest rival of Flipkart.
I agree that

Flipkart must grow their inventory and also make sure that they've more items on the list.
I would like to add that flipkart should have more informaion about products.
Only way to survive against Amazon is bigger inventory with quality of service.
Kaustubh Katdare

@thebigk • Jan 31, 2012

Update: Just got an email from Flipkart that they've added Computer Components in their list 😀

By the way, have you noticed how most of the eCommerce websites have copied Amazon's design 😉
I_am_Kunal :)

@i-am-kunal-lBstgK • Jan 31, 2012

One thing Flipkart lacks is that they don't give a Google Book style preview of the books. Amazon does this for some of the books. Also Flipkart has a poor search engine. On Amazon there is search by ISBN option , I wonder why Flipkart doesn't have this option.
Yup , Flipkart has also copied Amazon's looks.Even the fonts for 'In Stock' 'Available' 'Out of Stock' are the same on Flipkart , Infibeam ,etc. All this is Amazon style.
Kaustubh Katdare

@thebigk • Jan 31, 2012

Why do you think they raised money for? 😉 Hire engineers to copy Amazon 😁