What Flipkart Will Do With $1 Billion


Flipkart acquired Myntra, an online fashion retailer in May, has also launched customer service facilities like day-to-day delivery in various cities and at-home tryout for some of the fashion categories. But the biggest question arises out of all the talk is, where will Flipkart invest $1 billion?

In this cutthroat competitive world, where the other competitors like Amazon and Snapdeal are making money even after making heavy discounts, Flipkart may invest in warehouse automation using latest technology such as robotics and to expand its warehousing facility to Tier-II and Tier-III cities.

India's e-commerce sector is on fire, particularly after Amazon stepped into the country, it has been observed that since 2013, top global investors have battling to pump money into India's online retail industry. According to Technopak, a leading management consultant firm estimates that the money will expand from the current $2.3 billion to $32 billion (13,700 crore to 1.9 lakh crore) in six years.

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