Losses for e-commerce firms continue in FY 19, Flipkart reports higher losses
Shortpedia
Content Team
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The E-Commerce firms like Amazon and Flipkart continue to face loss in 2019 despite the increase in sales and revenue. Flipkart India reported a loss of Rs 3,836.8 crore during 2018-19 which is higher as compared to the loss during 2017-18, that was Rs 2,063.8 crore. Amazon on the other hand faced less loss as compared to the previous financial year, with a loss of Rs 10,802 crore, despite an increase of 15.6% in the expenses.
