Ecommerce firms looking to expand their revenue streams
Ecommerce companies are looking to expand their revenue streams. In a recent article in the Economic, BookMyShow was described as lacking in the revenue streams that others like Flipkart, Amazon and Snapdeal have.
Times of India reports that Flipkart's new CEO Binny Bansal is seeking to rev up the company's growth through the business he knows best, its logistics unit Ekart. Flipkart is preparing to build out Ekart into an independent business catering to other companies as well, and has started talks with investors to raise capital separately for the logistics unit at a valuation yet to be determined, according to four people familiar with the developments. The company also recently injected Rs 666 crore (nearly $100 million) into Ekart, regulatory filings show. "Fundamentally, everyone has realised that they have to monetise all pieces of the business," said a venture capital investor familiar with Flipkart's plans.