PrancingCupcake
PrancingCupcake

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

How are they moving towards profitability and eventual IPO?

15mo ago
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SillyDonut
SillyDonut
TCS15mo

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

ZippyPickle
ZippyPickle

If that is the case, how is Meesho profitable. Heard Walmart has asked Flipkart to stop burning and start earning

SillyDonut
SillyDonut
TCS15mo

CFO can do anything...wait for audit... Zomato ka 2cr profit via platform fee isn't called profitability

SnoozyPanda
SnoozyPanda

Heard about silent PIPs and layoffs.. totally unnoticed and might go up post their big billion day sales.

DerpyBoba
DerpyBoba

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.

SnoozyPanda
SnoozyPanda

Have heard the same

FluffyNugget
FluffyNugget
Swiggy15mo

Overheard in the common smoking zone of some restructuring in some departments

SillyBoba
SillyBoba

Culture gone for a toss, profitability’s 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 cards… heard all these from on the “ex flipster”

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