Indian Startups18mo
by SqueakyPickleGoogle
Top comment
Every large consumer tech business has had to blitzscale early on (to build enough concentration of sellers/riders/de...
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
14mo ago
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SwirlyTaco
Stealth14mo
After 16 years of existence should we still call Flipkart a startup?
SqueakyPickle
Google14mo
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
Stealth14mo
"Profitable like public companies"
Zomato, Nayka, Paytm, PB etc laughing in the corner.
MagicalQuokka
Stealth14mo
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.
GroovyWaffle
Stealth14mo
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
Stealth14mo
But what's the point of incurring loss?
They will someday leave india like general motors, ford, fiat etc.
GroovyWaffle
Stealth14mo
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.
FluffyCupcake
Amazon14mo
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.
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