(Corrects date in first paragraph, changes sourcing)
By Nivedita Bhattacharjee
MUMBAI (Reuters) - India's largest online retailer Flipkart
The company's gross merchandise values (GMV), or the value of the goods sold on its site, is currently $4 billion. GMV is calculated on monthly average sales.
Industry sources estimate Snapdeal and Amazon's India arm currently notch up gross merchandising values of around $3 billion and $1 billion respectively.
(Editing by Clara Ferreira Marques and Miral Fahmy)