Flipkart India reports loss of `281.7 crore
Flipkart's revenue soars fivefold to more than `1,180 crore, but expenses jump more than five times to `1,366 crore
Bangalore: Flipkart India Pvt. Ltd, the wholesale business of India’s largest online retailer Flipkart, reported a loss of ₹ 281.7 crore in the year ended March, much wider than its loss of ₹ 109.9 crore in the previous year, as it significantly raised spending to increase revenues.
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more