How is flipkart doing? Flipsters in Grapevine, please give some colour
How are they moving towards profitability and eventual IPO?
Jab Tak Amazon jinda h or Reliance ko fdi fpi mil rha h... forget profitability for Flipkart but yes ipo might come in h2 2024
Heard about silent PIPs and layoffs.. totally unnoticed and might go up post their big billion day sales.
There are claims that 15% of staff have been handed pip in mid-year review cycle. It was motivated towards increasing profitability and also avoid negative PRs in press.
Kalan Hyrum
Stealth
a year ago
Culture gone for a toss, profitabilityโs is far fetched goal, Walmart is just pumping money to stick it to Amazon i guess, once Walmart questions profitability and gets in to day on day business it will fall like house of cardsโฆ heard all these from on the โex flipsterโ
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Indian Startups on
by Coy Carmden
Zomato
Things are not looking rosy at Flipkart. $5Bn loss in value in 2 years!
The valuation of the ecommerce firm declined to $35 Bn as of January 31, 2024, from $40 Bn in the financial year ended on January 31, 2022.
https://inc42.com/buzz/flipkart-valuation-declines-over-inr-41000-cr-in-two-years/