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After footwear, Flipkart planning to power up with health supplements

India’s e-commerce major Flipkart.com is planning to expand its product portfolio further and may soon add a health supplements category, sources close to the development told Techcircle.in. The new category may come up by July this year, but the company has not decided yet whether it will hold an inventory for the same or source the products according to market demand.

Flipkart had earlier registered two new entities in India, one of them being Flipkart Marketplace Pvt Ltd. Following the move, rumours were rife that the company would be shifting its inventory-led business to that of a marketplace model.

We got in touch with Flipkart for confirmation regarding the upcoming category, but the company declined to comment and stated, “We do not comment on speculations. As a fast-growing company, we are constantly evaluating opportunities and working on a number of initiatives simultaneously.”

Key players who are already offering health supplements include Healthkart.comMynutramart.comMadeinhealth.comMynutrishop.co.in and Nutrishopindia.com, among others.

When Flipkart added several product categories including pens and stationery, home appliances and perfumes in April last year, we asked Ravi Vora (VP, marketing, at Flipkart) about the company’s expansion plans. At that time, he said, “Currently, we offer products across 12 categories. Going forward, we will continue to expand the range of products available on Flipkart. Everything except groceries and automobiles are fair game for us.”

And that is exactly what it has been doing for some time now. Take a look at how it added new product verticals/categories throughout 2012.

Feb: Flipkart launches its online digital music store called Flyte (one of the first e-com players to do so) and claims it is India’s largest legal online music store.

April: Expands into pens and stationery, home appliances and perfumes.

May: Expands its lifestyle-related product verticals by introducing health and beauty, watches, belts, bags and luggage categories.

June: Adds a toy section to its product portfolio.

July 19: Starts offering baby care products.

July 25: Forays into private label for digital accessories such as laptop bags and camera pouches, under the brand Digiflip.

October 4: Enters apparels segment.

October 20: Adds sports & fitness products.

October 29: Adds a section for footwear.

Flipkart had completed its fourth round of funding in August last year, raising an undisclosed amount from two new investors, MIH (part of the Naspers Group) and ICONIQ Capital, besides participation from existing investors Tiger Global and Accel Partners.

So what could be the next product/category on the cards? Also, will Flipkart pivot completely to a marketplace model or is it likely to integrate the marketplace with the existing site? Share your comments below.

(Edited by Sanghamitra Mandal)

5 Comments

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PVRK January 15, 2013 21:54

Sick and tired of your Flipkart bhajan. You write long articles even when they do something which is routine in any business. Are you PR newswire for them?

Abhimanyu January 16, 2013 9:34

What is so special about adding one new category?. I will be more interested in reading about How Myntra is profitable and the First Indian E Commerce IPO that is going to hit NASDAQ (HomeShop18) rather than about addition of a new category which is routine in E-Commerce business

Vinod Khanna January 16, 2013 11:54

Dear Anand,

Thanks for this exclusive article, also is there any update about the enforcement directorate investigation that was announced by RBI 2 months back?

Has the ED given clean chit already ? or any corrective actions suggested by ED to clear the issues?

Thanks
Vinod.

Technorable January 16, 2013 17:59

Great PR!

Sharath January 17, 2013 10:50

Even though a copycat of Amazon, I am a fan of flipkart and would like it to do well. But the way they are expanding exactly copying Amazon, I am not sure where it will end up. Amazon has all necessary infrastructure put up in business friendly environment of America and also it has in built cloud capacities which can ramp up in terms of increase in traffic. But when it comes to flipcart, I have doubts whether it can withstand increase in traffic as well as logistical issues, so keeping my fingers crossed.

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