Flipkart’s flagship festive sale Big Billion Days saw at least 40 per cent growth over last year, said people in the know.
Walmart-owned e-commerce major Flipkart has reported a revenue of Rs 34,610 crore for the financial year 2019-20 – an increase of 12 per cent over the previous year. The company’s net loss during the year, at Rs 3,150 crore, dropped 18 per cent from 2018-19, showed regulatory documents sourced from business intelligence platform Tofler.
During FY20, the company allotted total equity shares worth Rs 4,455 crore to Flipkart Private Limited Singapore and its total expenses for the financial year stood at Rs 37,760 crore.
According to the documents, the National Company Law Appellate Tribunal (NCLAT) directed the Competition Commission of India (CCI) to launch an investigation against Flipkart India Private Limited and Flipkart Internet Private Limited for certain matters arising
First Published: Dec 01 2020 | 10:16 PM IST