Flipkart records highest-ever single day sale, grosses $200mn | The BriefWire
Flipkart records highest-ever single day sale, grosses $200mn
Published on 10/5/2016, 9:29:14 AM
Key points
This is the biggest ever single day sale for Bangalore-based Flipkart, since the time the company started in 2007. Priyanka Sahaymoneycontrol.com E-commerce firm Flipkart recorded sales worth around USD 200 million on Monday, its highest-ever single-day sale in the company's history, a spokesperson for the company has told moneycontrol.com.The sales are likely the results of a massive campaign run by the company ahead of the upcoming festive season in India.
As per market estimates, e-tailers such as Flipkart are expected to spend around Rs 400-Rs 500 crore in during October, more than three times the usual money spent in steady state, according to research and advisory firm RedSeer Consulting.This is the third Big Billion Days sale being run by Flipkart.
Analysts say e-commerce sales this season may be a make-or-break for many Indian online retail firms, especially Flipkart, which competes with US giant Amazon.In June, Amazon, Inc announced an additional...
Quick context: This is the biggest ever single day sale for Bangalore-based Flipkart, since the time the company started in 2007.
The BriefWire