Flipkart launches India-focused market in the wake of the demonetisation crackdown
A major global tech company is launching a new Indian-focused marketplace, and its focus is squarely on helping Indian consumers get online.
FlipkART is the first Indian-owned tech company to launch a digital marketplace in India.
It’s a move that the company says will help boost the economy, boost job creation and help the country remain competitive in the global market.
Flipks is the brainchild of Sanjay Nair, who runs a software company that is a subsidiary of Flipkarts parent company Flipkavl.
He said the platform, which launched in India on January 6, will help entrepreneurs to quickly connect with customers in the country.
“We have been building a platform that provides the right tools to connect entrepreneurs, get their ideas and connect them with customers and vendors.
And this platform is a unique opportunity for entrepreneurs in India, who have a lot of potential and potential to take advantage of the new technology and to take the next step to create a new, thriving economy in India,” Nair said.
According to Flipkarters co-founder, Ankit Bajpai, the platform has become a valuable tool for Indian entrepreneurs, especially in the online marketplace space.
“In terms of the platform and the platform itself, we have a few thousand sellers who have been working on it for a very long time, and so it’s a big, big tool.
But it also serves as a platform for our Indian customers who are not very well connected, so it serves as an opportunity to build a customer base,” Bajai said.
He said the aim is to offer a platform where customers can come in, connect with their customers, and connect with vendors.
Flipkart has been making significant investments in India to attract more business.
In January, it bought the India-based company BHEL.
It has also acquired ecommerce portal Snapdeal, which it is now part of.
In the past few months, Flipkars venture capital fund, Fidelity Investments, has also invested in the company.
Bajai believes that the new platform is also a way for the company to diversify its revenue sources.
“It’s not just about being a one-stop shop.
We also need to expand to other regions.
We are really looking to the Indian market.
There is a huge opportunity here,” he said.
“We are also working on ways to monetise the platform.
If you can monetise it, you can have a much more sustainable revenue model.
It will allow us to take further steps to take more of the growth opportunities out of our ecosystem.”
In a blog post, Nair says the platform will help to increase the value of Indian consumers’ digital wallets, which are currently around Rs 2,000 crore.
It will help merchants reach customers across the country, and will also help the government understand the needs of the country’s 1.2 billion citizens.
The company says it is targeting 10 million transactions by the end of March, and expects the platform to grow to 10 million users by the third quarter of this year.
But the real challenge, Bajaj said, is to ensure the platform is not only used for commerce, but also to deliver an experience for users.
“If we can get this platform to be a great platform for people to shop in India then we can start to help the Indian people get access to their digital wallets and to transact,” he added.
“I don’t think we will ever see a platform like this in India again.
It is a platform, but not a retail store,” he concluded.