Flipkart Internet revenue up 32% to Rs 6,318 cr; losses increase 19%

The revenue of the company is mainly generated from e-commerce, information technology-enabled services, marketplace and related support service

Walmart-owned Flipkart Internet Private Limited, which operates as an online shopping website, reported a 32 per cent jump  in its revenues for the financial year 2019-20 (FY20) at Rs 6,318 crore as compared to the last financial year. The company further reported a net loss of Rs 1,937 crore during the same period. This is a 19 per cent increase from the previous financial year, showed regulatory documents sourced from business intelligence platform Tofler. The company’s total expenses during the period under consideration were at Rs 8,254 crore.

The revenue of the company was mainly generated from e-commerce, IT-enabled services,