SqueakyPickle
SqueakyPickle

Flipkart losses widen by 42% to Rs 4,845.7 crore. Total loss of Flipkart since inception now amounts to Rs. 12,600 crore. And we are talking about the flag bearer of India's success story 's performance in 16th year since its inception

19mo ago
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SwirlyTaco
SwirlyTaco

After 16 years of existence should we still call Flipkart a startup?

SqueakyPickle
SqueakyPickle
Google19mo

Even if people consider it a startup, it should be considered a failed startup since it recorded only 9% revenue growth in FY 24...

Either become profitable like public companies or show massive revenue growth like a startup.

Flipkart is worst of both worlds

GigglyWaffle
GigglyWaffle

"Profitable like public companies"

Zomato, Nayka, Paytm, PB etc laughing in the corner.

Gif
MagicalQuokka
MagicalQuokka

Even Amazon India isn't profitable on India operations even after 10 years of its launch - it's infact massively loss making.

I'm beginning to doubt large-scale ecommerce business model in India as a whole.

MagicalQuokka
MagicalQuokka

Although Amazon India is a better business to be fair and they are slowly moving towards breakeven every year - partly due to Amazon Pay.

PrancingNoodle
PrancingNoodle
Amazon19mo

Is there any profit making e-commerce company in India?

GroovyWaffle
GroovyWaffle

This is somewhat misleading.

Walmart isn’t looking for a profit, but to maintain the foothold in Indian market. That’s why they acquired Flipkart and are investing in it every year.

These headlines are just clickbait at this point. I don’t think they will lose a lot of a market share if they raise prices. It’s a trade off between reach and revenue, and they are still prioritizing each. With walmart money

GigglyWaffle
GigglyWaffle

But what's the point of incurring loss?

They will someday leave india like general motors, ford, fiat etc.

GroovyWaffle
GroovyWaffle

It’s an option value for them. Every public company wonders where there next big growth lever would come from. Keeping india as an option is something they can invest big in later once the usa growth becomes flat and Indian market has matured more. It may not work out that way, but at this point, it increases the investor confidence at Wall Street.

WobblyBagel
WobblyBagel

Just because I cancelled an order

MagicalBiscuit
MagicalBiscuit

Tagda bhai

GoofyQuokka
GoofyQuokka
Student19mo

Bade grahak

FluffyCupcake
FluffyCupcake
Amazon19mo

Arey yoddhaon -

Walmart is a public company and investors/board must be fully aware of reasons behind such results. If flipkart is still expanding, for sure they have clear goals, objectives.

Calling those “pioneers of retail” a stupid might not be the best conclusion.

SqueakyPickle
SqueakyPickle
Google19mo

Gives me vibe of "Modi ji ne kiya hai to kuch such samajh ke hi kiya hoga"

FluffyCupcake
FluffyCupcake
Amazon19mo

Nah, Modi ji ke investments aren’t public 😂 gross error bruh!

FluffyNugget
FluffyNugget
Plivo19mo

Uber is also loss making. This will keep on going. No one is shutting shop unless black swan happens

SqueakyUnicorn
SqueakyUnicorn
Adobe19mo

Uber is no longer a loss making company.

SwirlyRaccoon
SwirlyRaccoon
Target19mo

I don't think any of the online only e-commerce platforms are profitable, without playing around the numbers.

SwirlyPancake
SwirlyPancake
Amazon19mo

Bahar waalo ka paisa india mein duba rahe hain. Proud of them. Jai hind.

JazzyBagel
JazzyBagel
Meesho19mo

This is just for the B2B arm. Equally massive if not more losses expected in their B2C arm results too. On top of that Ekart, Myntra and other group companies losing money as well. Lord give all startups such shareholders as Walmart!

WigglyPotato
WigglyPotato
Zepto19mo

Does not matter its walmart subsidiary they will take care

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