Flipkart is in fundraising talks with Microsoft, Tencent Holdings and eBay at a valuation of $10-12 billion, Mint reported in February. Flipkart bets on exclusive deals with smartphone makers to boost salesSeth indicated that Flipkart was pushing ahead aggressively with its venture into private labels, which typically offers higher margins for online retailers. Inside Flipkart, CEO Kalyan Krishnamurthy has tasked key executives to build out a potential billion-dollar business with private labels. “We are launching new products (on the private label side) almost on a fortnightly basis. There are 5-6 verticals that now have private label products—our approach is to do it vertical by vertical,” said Seth.

Source: Mint March 28, 2017 17:49 UTC