How the loss making start up manages their cash flow, how this type of startup survive ? How investors still invest ? (Flipkart reported a loss of over 48 billion Rs in the year 2023 in India).
Anonymous 4
Hey I am on Medialย โขย 12m
Walmart invested $3.5 billion in Flipkart, increasing its stake to 80.5% in 2023, don't forget that, they definitely see it being a household name in a few years.
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Mahendra Lochhab
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India's gaming industry has grown rapidly, with game downloads increasing from 5.65 billion in 2019 to 9.5 billion in 2023
Flipkart purchased Myntra in 2014.
Flipkart purchased Jabong via Myntra in 2016.
Walmart purchase Flipkart in 2018.
Flipkart killed Jabong in 2020.
Is it fair to purchase a company just to kill it?
_S
Flipkart is rapidly increasing its dark store count, targeting 550 locations ahead of the Big Billion Days sale in November.
Likely that top selling products on Flipkart like Smartphones, electronics, appliances - will be delivered in minutes.
Phonepe was acquired by Flipkart in 2016.
Later
In Dec 2022, PhonePe separated from Flipkart, but both companies are still owned by Walmart.
So, why need another UPI app?
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Good to know that.... ๐ฏโจ.
The Ayush market has seen exponential growth, increasing from $2.85 billion in 2014 to $ 43.4 billion in 2023, according to Shripad Yesso Naik, Minister of State for New and Renewable Energy.
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Mahendra Lochhab
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The value of mobile phone manufacturing in India was estimated to amount to 3.5 trillion Indian rupees in fiscal year 2023.
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Vivek kumar
On medialย โขย 3m
Hereโs a short overview of major funding agencies and their operations:
1. Sequoia Capital (USA)
Invested In: Apple, Google, Airbnb, WhatsApp.
Source of Funds: High-net-worth individuals, pension funds.
Returns: WhatsApp investment generated $6.3
PhonePe IPO Is Coming!
โข PhonePe is planning an IPO to raise capital at a valuation of $8-10 billion.
โข In 2023, PhonePe raised $200 million from Walmart at a pre-money valuation of $12 billion.
โข PhonePe dominates the UPI payments business with a
