After 16 years of existence should we still call Flipkart a startup?
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
"Profitable like public companies"
Zomato, Nayka, Paytm, PB etc laughing in the corner.
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.
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
But what's the point of incurring loss?
They will someday leave india like general motors, ford, fiat etc.
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.
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.
