Registrar of Companies (RoC). The pace of increase in both revenues and losses has come down as compared to the three-times jump in losses and four-times increase in revenues between FY14 and FY15. Flipkart Internet owns Flipkart.com and registers sales from seller commissions and other services like advertisements.
Tuesday, 29 November 2016 17:27
Flipkart Internet losses double to Rs 2,306 crore Featured
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Flipkart Internet Private Limited, the locally registered marketplace unit of the online retail giant, has seen its losses more than double to Rs 2,306 crore in the financial year ended March 31, 2016. Losses were up by 110%, as the Bengaluru-based company continued to ramp up spending to fend off US-ba-sed online retail giant Amazon's $5-billion war chest for India. Sales were up at a much faster clip of 153% during the year to Rs 1,952 crore, according to regulatory fi-lings with
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