Flipkart reduces its loss by half; investor Tiger Global takes charge

Flipkart's logistics arm Ekart, however, saw losses pile up to Rs 1,134 cr over the same period

Flipkart Internet, the marketplace arm of India’s largest e-commerce firm, has reduced its losses to Rs 1,296 crore in the nine months to December in a year when its largest investor Tiger Global took charge and focused on belt-tightening. Revenues for the nine-month period stood at Rs 1,476 crore.

Flipkart’s logistics arm Instakart Services or Ekart Logistics, however, saw losses pile up to Rs 1,134 crore over the same period as it offered lower rates to vendors to deliver packages on its platform. Ekart Logistics revenues for the nine-month period stood at Rs 474 crore.

Flipkart Internet and Ekart Logistics