Amazon Displaced Flipkart As India’s No 1 eRetailer

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Amazon Displaced Flipkart As India’s No 1 eRetailer
Amazon India had better gross sales in the month of July, reports Livemint citing five people with knowledge of financial numbers. The American company’s Indian subsidiary had gross sales (value of goods sold) of over Rs 2,000 crores, a figure that Flipkart missed. However, when gross sales from Flipkart-owned Myntra, and recently acquired fashion company Jabong are taken into consideration, the Indian company is still at the top, the report added.