Well Yesterday Morning,While i was reading Times of India(TOI) http://timesofindia.indiatimes.com/business/india-business/Flipkart-needs-big-money-to-keep-delivering/articleshow/15012709.cms Well i don’t believe that.Well if they had shortage of money they would never buy letsbuy .
Is the whole Article Of TOI biased? Or a move to gain TRP?
Flipkart with revenue topping $350 million has had negative gross margins till recently, but just slipped into 2-3 % profit margins after expanding product catalogue. It wants to boost operating margins to 8-10 % in the next one year.
Well Every now and then whenever i visit flipkart.I see That they have added a new section.Right now they almost everything(Expect Cloths,Groccery).Their Flyte Store is India’s First Digital Music store and is already very popular they sell songs for about 6-15 for each.4
In all probability,Chances of flipkart running out of money is 45%.
I Asked Mithun Sinha,He said
“I think if this is the case then first all other Indian E-Commerce sites…
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