Around the Net
After $1 Billion Funding, Flipkart Eyes Mobile Commerce
- Exchange4Media, Friday, August 1, 2014 10:37 AM
Flipkart ‘s aggressive outlook has already seen it become the largest online retailer in the country. Earlier this year, it beat its own projections by reaching $1 billion in sales and topped off a great start to the year with the acquisition of fashion e-tailer Myntra in May. With this week’s new funding of $1 billion, the sky seems to be the limit for the seven years old company and Flipkart’s founders—Sachin Bansal and Binny Bansal, have made it clear that they see themselves as the “mobile e-commerce company of the future. Mobile commerce is going to be a focus area for us going forward - we foresee a lot of growth in this area. We believe mobile can only become a key growth driver if one can create tailor-made mobile interfaces for the end user and we intend to concentrate our energy on this.”
