Flipkart, Snapdeal Do Immense Business In 2015, Pin Hopes To Diwali Sale

Flipkart has reportedly sold 150 million products in 2015. The leading e-commerce giant has issued its profit statement for the first eight months of this year.flipkart backs out of airtel zero for net neutrality

 “We have witnessed a 150 percent growth in the number of products (units) sold as compared to 2014,” said the company said in a statement, reported NDTV. The maximum profit has come from sale of products including home, fashion, lifestyle and consume electronics.

Customers situated in Coimbatore, Ahmedabad, New Delhi, Chennai and other big cities have done the maximum purchase. Flipkart owes its profit to the variety of products it offers. “This milestone is testimony to the scale we have built from our selection to technology platform to supply chain capabilities,” said platform head Mukesh Bansal.

Meanwhile, another e-retail major, which has done immense business this year includes Snapdeal. It has reportedly shown a record jump of 222%, according to Live Mint. “Flipkart’s rival Snapdeal reported an increase of 222% in gross merchandise value (GMV) in the April-June quarter,” noted the website in its report.

Apparently, there is pressure on both the start-ups to deliver great profits and they have their hopes pinned on the Diwali season.

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