eCommerce

Flipkart Likely To Limit ‘Minutes’ Expansion To Rein In Costs: Report

Published

on

[ad_1]

SUMMARY

Flipkart is scaling back its quick commerce expansion plans, targeting 500-550 dark stores by October instead of the previously announced 800 dark stores by year-end

The company is under pressure to reduce its monthly cash burn of around $40 Mn as it prepares for IPO in 2026

This comes shortly after Flipkart confirmed its plans to redomicile to India from Singapore, a key step in its IPO preparation

Walmart-owned ecommerce giant Flipkart is reportedly planning to limit expansion of its quick commerce unit, Flipkart…

[ad_2]

Source link

You must be logged in to post a comment Login

Leave a Reply

Cancel reply

Exit mobile version