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Flipkart Is Burning Out
Flipkart, The Billion Dollar Indian E-Retailing Company is Burning out. The company is now valued at $5.5 Billion, Down from its peak of $15.5 Billion. The company reported over $290 Million in net losses and is quickly losing marketshare to its biggest rival – Amazon. Will Flipkart be able to sustain any longer? With revenues…