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Flipkart to be profitable in 2-3 years

Flipkart expects to be profitable in next 2-3 years and to launch its IPO in 2-5 years.

Flipkart co-founder and COO Binny Bansal said that “We expect to get in profitable zone in next 2-3 years.”

Bansal further said that “I think IPO will happen probably in next 2-5 years… It depends on lot of factors. I will be guessing up when it is going to happen,” and added that since the company is backed by venture capitalists, IPO will happen.

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