Amazon India may have surpassed Flipkart to become the biggest online retailer in the country last month. This comes weeks after Seattle-based company’s boss an**unced that he will be investing an additional $3 billion in India, making the total investment in the country to $5 billion dollars in three years.
Amazon India had better gross sales in the month of July, reports Livemint citing five people with k**wledge of financial numbers. The American company's Indian subsidiary had gross sales (value of goods sold) of over Rs 2,000 crores, a figure that Flipkart missed. However, when gross sales from Flipkart-owned Myntra, and recently acquired fashion company Jabong are taken into consideration, the Indian company is still at the top, the Report added. Read more...
08-23-2016, 03:56 PM
Amazon outstripped Flipkart as India's biggest online retailer: Report
العرض الشجري