Paytm E-commerce reports net loss of Rs 1,171 crore, revenues jump by 25%

The company is integrating its offline merchant base with international sellers on a single platform in a bid to take on the competition such as Amazon and Flipkart

Paytm E-commerce Private Limited (Paytm Mall) has narrowed the losses in FY19 even as the company expanded the revenue by 25 per cent to Rs 968 crore.

In the period under review, the ecommerce firm owned by Paytm Group reported a net loss of Rs 1,171 crore, which is 34 per cent lower than the last financial year, by bringing in tighter control into its expenses.

According to the company’s filing with RoC accessed by business intelligence platform Tofler, Paytm Mall’s total expenses during the period stood at Rs 2139.6 crore, a decrease of 17 per cent over FY18. This,