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Slow e-commerce growth worries Flipkart

Company for the first time admits to missing growth targets

Alnoor Peermohamed  |  Bengaluru 

Flipkart has sounded the alarm for stalled growth in India’s e-commerce market while for the first time admitting that it has missed its own growth target. The sluggish growth in the sector comes soon after the government’s move to restrict discounts on e-commerce marketplaces as part of the new foreign direct investment (FDI) norms. In a townhall meeting on Friday, Flipkart co-founders Sachin and Binny Bansal (not related) revealed the company had missed its growth targets, while addressing employee concerns over layoffs. They admitted that rival Amazon had stolen ...

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Slow e-commerce growth worries Flipkart

Company for the first time admits to missing growth targets

Company for the first time admits to missing growth targets Flipkart has sounded the alarm for stalled growth in India’s e-commerce market while for the first time admitting that it has missed its own growth target. The sluggish growth in the sector comes soon after the government’s move to restrict discounts on e-commerce marketplaces as part of the new foreign direct investment (FDI) norms. In a townhall meeting on Friday, Flipkart co-founders Sachin and Binny Bansal (not related) revealed the company had missed its growth targets, while addressing employee concerns over layoffs. They admitted that rival Amazon had stolen ... image
Business Standard
177 22

Slow e-commerce growth worries Flipkart

Company for the first time admits to missing growth targets

Flipkart has sounded the alarm for stalled growth in India’s e-commerce market while for the first time admitting that it has missed its own growth target. The sluggish growth in the sector comes soon after the government’s move to restrict discounts on e-commerce marketplaces as part of the new foreign direct investment (FDI) norms. In a townhall meeting on Friday, Flipkart co-founders Sachin and Binny Bansal (not related) revealed the company had missed its growth targets, while addressing employee concerns over layoffs. They admitted that rival Amazon had stolen ...

image
Business Standard
177 22