7 Reasons Why Flipkart Worth $5 billion Valuation


2. Competition

If it’s a business, be prepared to face a stiff competition. Though Flipkart competes with companies like Snapdeal, Indiatimes Shopping and even some foreign players like Amazon and eBay, it has been always beneficial for Flipkart to make lucrative business in such situation.

Flipkart recently acquired Myntra.com, an online apparel company, over 1,500 crore. Moreover, the challenge list is never too short for Flipkart; besides, Amazon is making their presence felt by announcing to invest close to $2 billion in its Indian arm.

3. More people buy online

The trend has changed and people are purchasing online and therefore investors are betting on the fast growth in Indian online retail. Flipkart has emerged as the biggest player in the segment.

According to a Wall Street Journal report, 2.2 crore account holders or registered users are purchasing products on Flipkart and the number is growing fast. Many investors believe that with the frequently increasing rate of smartphones in India, buying and selling of goods is increasing in India.

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