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The group reported a gross merchandise value of 1,678 billion yuan in fiscal year 2014.
With annualized gross merchandise value of nearly $2 million, Qtrove (which essentially denotes "curated" trove) is profitable at the operational level.
And while the actual transactions take place offline, Oxenford says that the total gross merchandise value of those deals is over $25 million.
Since then, it claims it has reached a gross merchandise value of $5 million, and wants to grow that amount ten times and hit profitability by the end of this year.
That doesn't necessarily mean the current model isn't working — there have supposedly been 5 million items traded to date, and the gross merchandise value of items on the site has grown 400percentt in the last six months.
The investment will value Flipkart — India's biggest online retailer with 54 million active customers and projected gross merchandise value of $7.5 billion for 2018 — at $20.8 billion when the deal closes.
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Delivery Hero's Germany businesses recorded 23 million orders, with gross merchandise value ("GMV") of €462 million and revenues of €76 million, the company said.
The South Korean company in July posted a quarterly profit that topped market estimates, helped by increases in its user base and gross merchandise value (the value of all items sold on its Web site).
A report in Indian financial publication Mint noted that the company had set a goal back in 2014 for annualized gross merchandise value (the total value of goods sold on its platform) of $8 billion, but current annualized GMV figures are at around $5 billion.
Myntra is on track to have gross merchandise value — the total value of goods sold via Myntra's portal — of $100 million for the current fiscal year.
We are reaching ouTheo Myntra, Flipkart, Amazon and investors for more details and will update the story as we learn more.
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