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Amazon's combined FY19 losses in India businesses at over Rs 7,000 cr

The e-commerce giant is expecting its December-quarter net sales to be between $80 billion and $86.5 billion, 11-20% higher than the year-ago period

Prime Day sale will start at midnight  on July 15

Amazon Wholesale India Private Limited, the wholesale B2B arm of the e-commerce firm, reported a revenue of Rs 11,250 crore, 8 per cent lower than it did for last financial year

Peerzada Abrar Bengaluru
E-commerce giant Amazon has faced losses in several of its business entities in India, such as seller services, wholesale, transportation services and digital payments, for the 2018-19 financial year. The combined losses of these entities stand at over Rs 7,000 crore.

The company’s online marketplace arm, Amazon Seller Services Private Limited, reported a net loss of Rs 5,685 crore for the financial year, according to data accessed by business intelligence platform Tofler. This is a 9.5 per cent decrease from last financial year, even as its revenue has jumped 55 per cent during the period to Rs 7,778 crore.

Topics : Amazon

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First Published: Oct 29 2019 | 12:09 AM IST

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