Archive · 27 May 2025
Flipkart Reports Strong Growth Amidst Industry Slowdown
Imagine a big online shopping mall called Flipkart.
The boss, Kalyan Krishnamurthy, said they're doing great, growing about 20-25% in sales each year, even though the whole online shopping world is slowing down a bit.
They're also moving their company's home base back to India, which is a big step!
The boss also mentioned they are focused on making money, and the fashion part of Flipkart, which includes Myntra, is getting lots of new customers.
They also plan to have lots of fast delivery stores by the end of 2025.
The company is also focusing on younger customers.
Flipkart's group businesses are experiencing 20-25% year-on-year growth in orders.
The company is shifting its domicile from Singapore to India.
Flipkart is focused on profitability.
Myntra, a part of Flipkart, accounted for 40% of new customer additions and turned profitable.
Flipkart's quick commerce arm, Minutes, plans to operate 800 dark stores by end of 2025.
- Who
- Kalyan Krishnamurthy, CEO of Flipkart.
- What
- Flipkart is experiencing strong growth, with plans to focus on profitability and expand its quick commerce services.
- When
- As of May 2025, and looking ahead to 2026 and 2025.
- Where
- India.
- Why
- To align with the country's regulatory framework and prepare for a public listing in 2026.
- CEO
- Kalyan Krishnamurthy
- Growth Rate
- 20-25% year-on-year in orders (May)
- Industry Growth
- Expected 10-12% in 2024
- Myntra's contribution
- 40% of new customer additions
- Minutes Target
- 800 dark stores by end of 2025
- Focus
- Profitability, GenZ customers