Indian e-commerce biggie Flipkart targets $1.7b from Big Billion Day sales

Abdul Saleem, a deliveryman known as a Wishmaster for Flipkart Online Services Pvt's Ekart Logistics service, sorts packages at the company's office in the Jayaprakash Narayan Nagar area of Bengaluru, India, on Wednesday, Oct. 26, 2016. Photographer: DHIRAJ SINGH/Bloomberg

Flipkart is targeting sales of $1.5-1.7 billion in its annual Big Billion Days sale, nearly double of what it did last year, three people aware of the online retailer’s plans said. Flipkart CEO Kalyan Krishnamurthy has set aggressive targets for his top lieutenants overseeing key businesses such as smartphones, fashion and large appliances, the people mentioned above said, requesting anonymity. The projected target also takes into account sales from fashion retailers Myntra and Jabong, both owned by Flipkart.

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In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

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  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.