- Why Subscribe?
- Free Subscription
Flipkart saw $210m worth of sales in 24 hours
The Indian ecommerce giant Flipkart has broken the Indian record for the best single day of sales. Doubling the amount of money the company made in the same sale last year, Flipkart has announced that it sold 210 million US dollars’ worth of goods in just one day. Commenting on the astonishing achievement, Flipkart\'s co-founder and CEO Binny Bansal said that it signalled “the evolution of [Indian] ecommerce and its adoption among consumers”. Whilst the success shows that Flipkart can truly compete with Amazon India, Bansal added that the company had spent around 30% of its advertising budget on the sale. The revenue is far more than any company in the US or Europe has made in one day, including during sale periods such as Black Monday. However, this still falls well behind being the world’s largest day of sales, which belongs to Alibaba who took 5 billion US dollars in just the first 90 minutes of the Chinese Singles’ Day sales last year.
The Movers And Shakers - Moving And ShakingSearch and discover everything we've reported on certain brands or industry topics. Follow the trends right before your eyes - and in the blink of eye you know.
Monthly Cost Video Briefings,Catch Up TV Language Guides,Country Guides,How To Guides eLearning,eLearning Course,Quizzes Tools,Webcertain Events Lists,Benchmarks Access to Webcertain video Tutors.Extra fee applicable Access to Customised courses and Examinations. Attendance at Webcertain.TV Connect Events per year Individual BASIC Free Limited Content per Month 10 2 2 Individual PREMIUM £25 Unlimited Content per Month 1 Team GLOBAL £95 Unlimited Content per Month 3