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According to sector officials and watchers, the funding (among the largest so far in the segment) from its existing investors -- Naspers, Accel Partners, Tiger Global and Iconiq Capital -- might be a sign of confidence they have in the company but it's still unsure if it will be enough for Flipkart to turn a corner and become profitable.
The Street is especially looking forward to the management commentary to get a sense of its new direction
Estimates suggest subsidy outgo on these proposals would be at least Rs 1,000 crore
Bureau has registered just one product so far despite 1,500 applications.
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