Flipkart India unit's FY18 losses zoom 742% in spite of 39% rise in revenue

The loss during FY17 was nearly Rs 16.4 billion, with revenue of Rs 22.5 billion

Losses of Flipkart India Pvt Ltd — the marketplace unit of Flipkart — grew by 742 per cent in 2017-18, though revenue growth of the unit during the period was 39 per cent. In the financial year ended March 31, the unit reported losses at Rs  20.6 billion, from Rs 2.45 billion the previous year, according to the company’s annual return, sourced from business intelligence platform Tofler.

Revenue for the unit, Flipkart’s largest, in FY18 was Rs 216.5 billion, from Rs 155.6 billion in FY17. This rise was almost twice that of the earlier year. 

Flipkart had raised a combined