Indian e-commerce platform Flipkart and Amazon have claimed record sales on the first day of their festive sales.
Flipkart has claimed that it recorded two times sales growth on the first day of its The Big Billion Days (TBBD), compared to last year’s opening day sales, as the number of transacting customers from tier II, III, IV cities doubled.
Kalyan Krishnamurthy, chief executive, Flipkart in a statement said: “There is no doubt that e-commerce has not only lifted consumer sentiment but has also driven the industry to set new benchmarks. Affordability and value-driven themes clearly are the pulsating Read full story ›
Source: The Drum
Industry News