Flipkart's largest unit posts hefty revenue growth, cuts losses

Any reduction in losses could mean the return of investor confidence, something Flipkart needs badly

Flipkart India Pvt Ltd, the largest unit of India's biggest e-commerce marketplace, was able to increase revenues by 43 per cent and cut losses by over 34 per cent in the financial year 2015-16 as investors began to mount pressure to see tangible results.

The Flipkart unit posted a revenue of Rs 13,177 crore for the 12 months that ended March 2016, compared to the Rs 9,226 crore in revenue it posted in the year ago period. Losses shrunk to Rs 544.6 crore, from Rs 826.7 crore in the corresponding periods, according to regulatory documents filed by the company.

While