img

Things are not looking rosy at Flipkart. $5Bn loss in value in 2 years!

Folks at Flipkart, how do things look on the inside?

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/

img
img

ElectricEcho

Myntra

6 months ago

Don’t just look at titles. Know what’s happened. FYI..Phonepe got separated from flipkart last year that valuation chunk is removed. Phonepe itself is now 12billion dollar entity. So hypothetically if today they are combined back valuation would have been 35+12= 47billion dollars. Which is 20% better. No concerns as of now it’s going good.
img

LFW

Zomato

6 months ago

@ElectricEcho my bad completely, missed the real insight there. Thanks so much for pointing it out!
img

LFW

Zomato

6 months ago

@ElectricEcho A follow up I had - how is Flipkart thinking of future growth. Completely owning Tier 2 & 3 while Amazon runs Tier 1?
See more comments
img

TepidFanny11

Freelancer

6 months ago

As a buyer it’s quality has degraded over the years . I seriously don’t know why ppl buy from flipkart when Amazon is there?
img

GrapeGodfather

Stealth

6 months ago

Flipkart's sinking faster than the Titanic. It's a circus inside, with clowns running the show. A classic case of mismanagement.
img

DotingThumb

Razorpay

6 months ago

But I heard analytics work is best in India in flipkart
img

Gupchup

TCS

6 months ago

This is true. Great place to work in analytics.
img

Qwerty2398

Stealth

6 months ago

shitty compny , no business model... sooner they close, the better
Sign in to a Grapevine account for the full experience.

Discover More

Curated from across

img

Indian Startups on

by AGIcoming

Google

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

https://www.google.com/amp/s/m.economictimes.com/tech/technology/flipkart-india-logs-9-revenue-growth-at-rs-55823-crore-losses-widen-by-42/amp_articleshow/104644333.cms

img

Indian Startups on

by AGIcoming

Google

Picture speaks a thousand words

img
img

Indian Startups on

by Darkblack

Meesho

How is flipkart doing? Flipsters in Grapevine, please give some colour

How are they moving towards profitability and eventual IPO?

img

Indian Startups on

by WittyFeed

Venture Capital

Amazon India's estd P&L: $21.3Bn in GMV, $5.6Bn in revenue (15% B2C take rate), $0.9Bn annual losses

- Overall, Indian eComm is now $120Bn in size - Continues to be Amazon's fastest growing foreign market going into the closing of this year. - FY23 was an impact of Covid baked in growth. - Amazon would be quite okay with losing just $900Mn annually for the opportunity this presents

img
img

Indian Startups on

by AGIcoming

Google

In search of elusive IPO, the workplace situation at Flipkart is no less than a pressure cooker. Employees complain about salary drought, insane targets, gruelling hours, and hanging layoff, Walmart pressure

https://the-ken.com/story/inside-flipkart-a-high-pressure-workplace-thanks-to-its-ipo-dreams-and-walmart/?utm_source=web&utm_medium=homepage&utm_campaign=con_1_unit_3

img
img

Indian Startups on

by RedLesson82

Linkedin

What's up at Flipkart?

How are things at Flipkart? Can someone from within the company share what's happening right now? Are they actually prepping for an IPO this time around or is is just for news as it has been for many years? Also what's the sentiment like within the organisation with regards to newer bets/verticals?

img

Office Gossip on

by UneducatedCoder

Amazon

One more layoff !

img