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
Stealth • 7m
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.
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
• Merchandise exports in March 2024 were USD 41.68 Billion, as compared to USD 41.96 Billion in
March 2023.
• Merchandise imports in March 2024 were USD 57.28 Billion, as compared to USD 60.92 Billion i
March 2023
3 replies8 likes
Udyamee
Stealth • 4m
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?
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).
4 replies8 likes
Mahendra Lochhab
Stealth • 1m
In 2023, India's IT sector exports reached $193 billion, with software and services accounting for $126 billion. This is almost double the $108 billion in 2016.
0 replies16 likes
VCGuy
Stealth • 4m
A few days ago, Flipkart introduced its new UPI service, Supermoney.
⏮️The interesting part: Let's go back a few years -
Dec, 2015: 3 former Flipkart exec's start PhonePe.
Apr, 2016: Flipkart acquires PhonePe for $20 M.
Aug, 2018: Walmart acquires
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