Flipkart likely to burn $2 billion cash in 18 months: Report
E-commerce firm Flipkart is likely to burn as much as $2 billion cash in the next 18 months to push its sales growth, according to reports. Flipkart's cash burn would force rival Amazon to double its $5-billion commitment in its Indian subsidiary, reports added. Earlier this month, Walmart announced it would buy 77% stake in Flipkart for $16 billion.