Is FK profitable? What’s their business model?
Flipkart, Amazon, and almost all of the e-commerce platforms are in loss only. Only brick and mortar store generates profit.
The delivery of ordered items , returns, frauds, etc cost a ton of money.
Flipkart may survive because of Walmart's deep pockets (unsure) and Amazon because of AWS
No Flipkart is in Loss
I know this might be a one off, but even if they are close to profitable/break even quarters, this can become a strong business
I dont trust a single words come out of the CXO’s mouth in case of startups. All bullshiting and hyping
Guess they finally adjusted EBITDA hard enough
Seems fake. All account gimmickry. Trust me. If they are EBITA positive, get yourself listed.
How are they moving towards profitability and eventual IPO?
Heard about silent PIPs and layoffs.. totally unnoticed and might go up post their big billion day sales.
Jab Tak Amazon jinda h or Reliance ko fdi fpi mil rha h... forget profitability for Flipkart but yes ipo might come i...
