How does Flipkart make revenue?
The conversion rate + recurring loyal customers and the conversion rate from reference or third-person help to generate revenues for the company. Flipkart not only do customer come back to shop again through Flipkart channels but also help to create awareness of the company and increase company image.
What is revenue model of Flipkart?
What is the revenue model of Flipkart? Flipkart works on a B2C model, where they basically work as a middle man between buyers and sellers. To make revenue, they charge a commission, a convenience fee, logistic charges, advertisement charges, Myntra as only some of the areas they generate revenue from.
Is Flipkart B2C or c2c?
Flipkart, which has redefined shopping in India, works on a B2C (business to consumer model). Flipkart started off with a direct-to-consumer model selling books and some other products, before turning to a marketplace model which connect sellers and buyers and expanding its catalogue.
Is Flipkart earning profit?
Flipkart’s income primarily came from the wholesale sale of products, unlike Flipkart Internet, the marketplace unit of the ecommerce giant that earns its revenues from commissions from vendors to facilitate sale of products, for advertising, logistics, warehousing and other such services.
What does Flipkart sell the most?
Mobile phones have remained the top most searched items with the mid-premium segment witnessing the biggest surge. People also searched for trimmers as it became one of the top 10 most-searched products on the portal. Flipkart states that trimmer searches have surged around 4.5 times since the beginning of April.
How much does Flipkart earn in a month?
Daily earnings will be more than 5,000 If you follow this stated method, then you can earn 5,000 rupees per day from a website of e-commerce, or about Rs 1,50,000 every month. Also, if you become a logistic partner of five companies, then your monthly income figure will reach more than 7 lakh rupees.
What does flipkart sell the most?
Is Ola profit or loss?
As per the company filings with the Ministry of Corporate Affairs, Ola posted a loss of INR 2592.93 Cr on a consolidated level in FY19, an 8% hike from FY18.
Is Flipkart losing money?
The business-to-business (B2B) wholesale arm of Flipkart posted a net loss of ₹3,150 crore in 2019-20, compared with ₹3,835 crore in the previous year, according to regulatory filings accessed through market intelligence platform Tofler.
Which is the best revenue model for Flipkart?
1. FLIPKART REVENUE MODEL 2. COMPANY DETAILS • Types Of Site E-commerce Year of incorporation 2007 Headquarters Banglore,Karnataka Founders Sachin Bansal,Binny Bansal Industry Internet Service Online Shopping Revenue 1952Cr. (2016) Employees 35000 Subsidiaries Myntra, Jabong Website www.flipkart.com 3. JOURNEY 4.
How much money does Flipkart make a year?
By the end of March 2018, annual revenues generated by Flipkart were $ 3.8 billion (Rs. 26,925 Crore). As of now, the company’s total valuation is $22 Billion. Let us now dig deep into the world of Flipkart to understand how it has become an e-commerce giant now-
What kind of business does Flipkart have in India?
Here’s a look at the investments made by Flipkart Group in the India business over FY 2018-19: Logistics: E-Kart is Flipkart’s logistics company and facilitates the fulfillment of orders from sellers to buyers through its logistics arm. It charges a fee from the sellers for the same.
How did Flipkart get its first round of funding?
Their business scheme stood promising that led to the initial funding process from external sources. Initially, the Bansal brothers invested in a total of $5,600 towards developing an ideal online book store website. 2 years after the initial launch, Flipkart platform stood potential enough to raise $1M from Accel India.