Is Amazon ahead of Flipkart in gross sales? The jury’s out2 min read . Updated: 29 Nov 2018, 08:10 AM IST
Barclays says Amazon recorded $7.5 billion in gross sales in 2017-18 and Flipkart $6.2 billion in the same year, but the numbers comparison isn't exactly accurate
Bengaluru: Some analysts have questioned the methodology used by investment bank Barclays to conclude that Amazon India generated significantly higher sales than Flipkart in the last financial year, sparking a fresh debate about who dominates India’s $18 billion online retail market. If the Barclays report is accurate, then Walmart Inc., which agreed to buy a 77% stake in Flipkart for $16 billion in May, may have overpaid for the online retailer, other analysts said. In a report this week, Barclays said that Amazon recorded gross sales of $7.5 billion in the year ended 31 March 2018, compared with Flipkart’s gross sales of $6.2 billion in the same year.