Flipkart made 600 Crores GVM on BigBillionday today's sale
Took advantage of the typical Indian 'Discount' mentality. Not a Good practice for long-term business though.
Flipkart’s CEO Sachin Bansal said his company hit its target of $100 million in the value of goods it sold (or gross merchandise value) in 10 hours on Monday, when it hosted its Big Billion Day Sale.
Source
According to one person privy to discussions in FlipKart's war room, the e-tailer planned to leverage the festive season to achieve $2 billion gross merchandise value this fiscal. FlipKart, the person said on condition on anonymity, aimed to generate $400-500 million sales during the festive season.
http://www.financialexpress.com/new...ales-in-10-hrs-1-bn-hits-on-website/1295950/0
Took advantage of the typical Indian 'Discount' mentality. Not a Good practice for long-term business though.