Flipkart

Flipkart hits $1bn sales milestone ahead of schedule

Flipkart hits $1bn sales milestone ahead of schedule

Indian e-commerce giant Flipkart has confirmed that it has hit the milestone of an annualised sales run rate of $1 billion (nearly Rs 6,200 crore) this year, ahead of schedule, thanks to more and more people's inclination towards online shopping.

In March 2011, the homegrown e-commerce company had announced its aim to achieve the $1-billion-mark for gross merchandize value (GMV) by 2015. But increasing Internet penetration and people's liking for online shopping helped the company hit the milestone ahead of schedule.