News on Medial

Flipkart India logs 9% revenue growth at Rs 55,823 crore; losses widen by 42%

Economic Times · 55y

Flipkart India, the B2B unit of Flipkart, witnessed a 9% growth in operating revenue, totaling INR 55,823 crore in FY23, compared to INR 50,992 crore the previous year. However, its net loss expanded by 42% to INR 4,845.7 crore during the same period. Flipkart India sells goods to online sellers who operate through Flipkart Internet, the platform's marketplace entity. While Flipkart Internet generates revenue from commissions and merchant services, Flipkart India's income is primarily from selling goods to these sellers and B2B transactions with local stores across India.