Flipkart, India's reply to Amazon, sees $1 bln sales | Bangkok Post: news

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Flipkart, India's reply to Amazon, sees $1 bln sales

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Flipkart, India's answer to US online giant Amazon, said Saturday its sales would cross the milestone $1 billion-mark this year, ahead of schedule, in the country's exploding e-commerce market. 

A visitor browses through books of Indian online book retailer Flipkart on a screen in New Delhi, on February 25, 2012

Founded in 2007 by two ex-Amazon.com employees and university friends, Flipkart.com has become India's biggest shopping portal hit and has drawn backers such as New-York based venture capitalists Tiger Global Management LLC.

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