Flipkart revenue growth FY 2014-2024
In the financial year 2024, Flipkart Private Limited recorded revenue growth of 21 percent, indicating an increase in performance within the Indian market. Back in 2018, the American retail giant Walmart acquired this home-grown retailer for a substantial sum of 16 billion U.S. dollars, securing a 77 percent stake in the company.
Evolving D2C market
The landscape of India’s direct-to-consumer(D2C) market is undergoing a transformation, reflecting the shift in consumer preference and purchasing behavior. By 2025, the D2C market is set to grow threefold, surging to a valuation of 100 billion U.S. dollars. Notably, the fashion and accessories segment emerged as a frontrunner, commanding a significant share in the D2C landscape.
Digital shoppers in India
Leveraged by a growing internet user base and robust online infrastructure, India holds immense potential in the realm of digital commerce. In 2021, the country witnessed a substantial cohort of 289 million digital buyers. This trend was further fortified by forecasts that predicted a continued rise in digital buyers in the immediate future
