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The magnitude of this year's Big Billion Day will depend on how many sellers and brands Flipkart is able to get on board for the event and how much they are willing to discount, ET quoted a source as saying.
In 2014, Flipkart’s first ‘Big Billion Day’ sale garnered $100 million, however, the India’s largest online marketplace drew flak over mishandling of volumes of orders and traffic on its website.
To handle the traffic, Flipart has overhauled its online marketing budget.
"Flipkart is in talks with several banks to disburse these loans, which will be underwritten by it. Flipkart is launching its loans product just to promote repeat purchases during BBD and win back the Metros," a second source told ET.
Kalyan Krishnamurthy who has rejoined Flipkart as head of category management is going to handle the mega sale event.
"During the festival season last year, Flipkart was the clear market leader but now Amazon has overtaken