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Almost every urban and tech-savvy Indian is familiar with the fairy tale of Flipkart, how the two founders started with absolutely no inventory but would go out and source the book before delivering it and the enormous funding that they went on to raise on the path to hitting the $1 billion GMV target earlier […]
18 Jun 2014
A few days ago the Enforcement Directorate (ED) gave a statement that they are exploring the possibility of slapping an INR 1400 crore notice to Flipkart. Of course, the origins of this probe and the subsequent actions are buried in developments over a period of 4-5 years. Despite the potentially justified euphoria about the Flipkart […]
04 Jun 2014