Indian e-commerce biggie Flipkart targets $1.7b from Big Billion Day sales

Flipkart is targeting sales of $1.5-1.7 billion in its annual Big Billion Days sale, nearly double of what it did last year, three people aware of the online retailer’s plans said. Flipkart CEO Kalyan Krishnamurthy has set aggressive targets for his top lieutenants overseeing key businesses such as smartphones, fashion and large appliances, the people mentioned above said, requesting anonymity. The projected target also takes into account sales from fashion retailers Myntra and Jabong, both owned by Flipkart.