Flipkart eyes staggered route to profitability after massive fund raise

Company to focus on becoming cash flow positive in mobiles, large appliances, fashion, Bansal said

India’s largest e-commerce player Flipkart is looking at a staggered approach to becoming profitable after it closed a massive $1.4 billion funding round led by Tencent and participation of eBay and Microsoft.

The narrative is in contrast to what the company was saying prior to the fund raise when investors were hammering it to turn cash positive in the foreseeable future. Binny Bansal has said the company will focus on becoming cash flow positive in mobiles, large appliances and fashion.

“I think we are looking at a different view on that. We definitely want large parts of our portfolio—mobiles, large