Flipkart now under pressure to boost sales and reduce cost
Wednesday, April 12, 2017, 7:15 AM
After securing $1.4 billion in fresh capital this week, Flipkart is under pressure to justify the funding by keeping Amazon India at bay and cutting costs. Doing the two things growing sales and reducing expenses at the same time will be one of the toughest tasks Flipkart has faced in its 10-year-history. Currently its monthly burn rate is between Rs.250 crore and Rs.300 crore.