Saturday, December 20, 2014

FlipKart - The Indian Amazon.com

some FlipKart  facts:
 1/  Added to the $210 million that it closed in May, this round takes seven-year-old Flipkart past $2 billion in investor money in 2014, and to around $2.7 billion in total.
2/ Flipkart has over 14,000 staff and sees more than 6 million monthly visits from 26 million-plus registered users
 3/ it has applied to become a public company in Singapore , where it is registered ( more than 50 share holders SINGAPORE law)
 4/ Alibaba $220 Billon Market cap gives VCs hope this can be $20 B Marketcap (10% of Alibaba )