Amazon's India marketplace unit posts nearly $1 billion loss in FY18

In FY19, analysts and industry watchers expect both Amazon and Flipkart to post record losses that could touch $2 bn a piece

Amazon Seller Services, the India marketplace arm of US online retail giant Amazon, recorded nearly $1 billion in losses for the year that ended March 2018 even as it saw significant revenue growth in the same period.  

The company, which is the largest unit of Amazon India, posted a 57.5 per cent growth in revenue to Rs 49.28 billion in FY18, according to documents filed with the Registrar of Companies, which was sourced from business intelligence platform Paper.vc.  

Losses in the same period grew by 30 per cent to Rs 62.87 billion, up from Rs 48.3 billion in