Flipkart's revenue up 25% to Rs 43K cr, Amazon clocks 49% rise at Rs 16K cr

At Rs 3,143 crore, Amazon Wholesale (India) Pvt Ltd reported a 7 per cent fall in FY21 revenue over the last financial year

Walmart-owned Flipkart reported revenue of Rs 43,357 crore for the financial year 2020-21 (FY21), a 25 per cent jump over FY20, as net loss narrowed 23 per cent to Rs 2,445 crore. The e-commerce firm’s total expenses were Rs 45,801 crore,  showed regulatory documents sourced from business intelligence platform Tofler. 

The company forayed into the omnichannel business through its business-to-business marketplace, according to the documents.

In another filing, Flipkart Internet Pvt Ltd, which operates as an online shopping website, said it had clocked a 28 per cent YoY jump in revenue to Rs 8,115 crore for FY21. Its net loss widened 49 per cent