Friday 7 March 2014

Indian online store Flipkart has sold $1bn worth of goods

"Indian e-store Flipkart announced yesterday it surpassed $1 billion in gross merchandising volume, according to NextBigWhat. Despite slowing sales growth, Flipkart reached the billion-dollar benchmark a full year earlier than originally projected and seven years after it first launched. Co-founder Sachin Bansal originally made that forecast in March 2013.
In the last financial year alone, Flipkart sold $217 million worth of stuff. Research from Indian commerce group ASSOCHAM shows it was the most popular ecommerce site in the country."

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