Flipkart must grow with careful cost considerations: Binny
After announcing to have raised $1.4 billion in India's largest funding round and acquisition of eBay's India operations, Flipkart Co-founder Binny Bansal in an e-mail to employees said, "The business must grow with careful considerations to costs''. Stating that the online retail market has a potential of $100 billion, Bansal said Flipkart has just scratched the market's surface so far.