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Flipkart India's losses increase 85.91% to Rs 3,836 cr; income rises 42%

Flipkart India's total income rose by 42.82 per cent to Rs 30,931 crore from Rs 21,657 crore

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FILE PHOTO: The logo of Flipkart is seen on the company's office in Bengaluru | Photo: Reuters

Peerzada Abrar
Flipkart India Private Limited, the wholesale entity of Walmart-backed homegrown e-commerce firm Flipkart, has suffered an increase in net loss by 85.91 per cent in the financial year 2018-2019 compared to the previous year.

Flipkart India Private Limited reported a net loss of Rs 3,836 crore as compared to Rs 2,063 crore in the previous financial year, according to the regulatory documents filed by Flipkart, which were sourced from business intelligence platform Paper.vc.

“There has been an increase in the net loss by 85.91 per cent,” said Flipkart in the regulatory documents.

Flipkart India's total income rose

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First Published: Oct 28 2019 | 9:15 PM IST

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