Flipkart going into a bottomless pit: Indiaplaza Founder
K Vaitheeswaran, Founder of one of India's first e-commerce companies Indiaplaza, has said it is Flipkart which continues to go into a bottomless pit. Comparing Amazon and Flipkart, Vaitheeswaran said, Amazon runs a profitable business worldwide and can afford to lose money but Flipkart cannot. He added Flipkart has been copying what Amazon did in other parts of the world.