In December last year, the total GMV run rate had reached $10. GMV run rate varied from month to month and is pretty jagged, depending on promotions and discounts that are available at the time. The company said as of June, its GMV run rate was more than $2. "The moment of reckoning is coming or may have come already for Indian ecommerce companies. Behind numerous headlines of a cash crunch hit ting major Indian ecommerce companies, and commerce companies, and their valuations being questioned, is a revelation not too many people are talking about.

Source: Times of India June 27, 2016 04:30 UTC