Home / Knowledge / News / Apparel/Garments / Flipkart expects profit in 2-3 years; eyes IPO
Flipkart expects profit in 2-3 years; eyes IPO
31
Oct '15
E-commerce major Flipkart expects to start earning profits in three years and wants to launch its IPO between 2015 and 2020, the company's co-founder Binny Bansal told reporters in Hyderabad.

E-commerce companies have witnessed a huge jump in sales on the back of increasing Internet population and growing preference for online shopping.

Backed by venture capitalists, Flipkart has raised closed $2 billion from investors like Tiger Global, Naspers and GIC, Singapore's sovereign wealth fund. The company is valued at over $10 billion currently. But most e-commerce companies are operating at a loss because of the heavy investments being made to build the back-end and delivery infrastructure.

Flipkart has 45 million registered users clocking 10 million daily visits and delivers about eight million shipments per month.

Asked about a likely date for an IPO launch, Bansal said, "I think IPO will happen probably in next 2-5 years... It depends on lot of factors... I will be guessing up when it is going to happen."

Fibre2Fashion News Desk - India

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search