Flipkart To Aim On More Monthly Active Consumers In 2018

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Flipkart To Aim On More Monthly Active Consumers In 2018

Flipkart To Aim On More Monthly Active Consumers In 2018

Flipkart, the home-based online retail market dominator, thinks that it has made rivalry immaterial last year and that the firm will now aim on increment in the monthly active users that buys stuff as the main metric, moving forward. This was claimed by Kalyan Krishnamurthy, the CEO of Flipkart, to the media in an interview.

He also dubbed 2017 a year of renewal of self-assurance in the user Internet industry of India since Flipkart managed to lift almost $4 Billion from worldwide tech behemoths such as China’s Tencent, Japan’s SoftBank, and the U.S. groups such as Microsoft and eBay, which is a proof of its leadership in the market.

“We have witnessed a very huge boost in the confidence. The bionetwork in India is now very obvious that there is a market dominator in the country in ecommerce with a great difference. They have (SoftBank, Tencent, Microsoft, and eBay) compared the development in the Internet market of India with Flipkart,” claimed Krishnamurthy. He claimed that his firm has been capable of establishing leadership in the market in all the major sectors of the Indian online retail industry and is the only company that is developing the market via modernizations.

“In sectors such as fashion, both unbranded and branded, mobiles, home, and appliances, which add up for more than 80% of ecommerce in the country, we have a 75–80% of the share among Myntra and Flipkart,” claimed Krishnamurthy. He took the role of the CEO of the company 1 Year back when cofounder Binny Bansal shifted to a role of group CEO.

Both Amazon and Flipkart India lately stated that they were developing quicker than each other, but neither firms shared any fixed figures. Flipkart claimed that in December it developed at almost 85% as compared to the previous tear in terms of GMV (gross merchandise volume).

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