Flipkart arm posts 19% growth in revenue

The marketplace arm of India's leading e-tail firm reports revenues of Rs 15,264 cr for FY17

Flipkart India Pvt Ltd, the marketplace arm of India’s leading e-commerce firm Flipkart, reported revenues of Rs 15,264 crore for the year ended March 31, 2017, representing a 19 per cent growth rate over the previous year, according to documents filed with the Registrar of Companies and sourced through Tofler. The turnover of Flipkart’s largest arm in India stood at Rs 12,818 crore in the financial year 2015-16.

The profit and loss figures for FY17 were not mentioned in the documents, which were reviewed by Business Standard. In the previous year, losses stood at Rs 826.7 crore for the unit. A