To export this article to Microsoft Word, please log in or subscribe.
Have an account? Please log in
Not a subscriber? Sign up today
"Flipkart India Reports Loss of Rs.281.7 Crore." Mint. 2013. HighBeam Research. 29 Mar. 2015 <http://www.highbeam.com>.
"Flipkart India Reports Loss of Rs.281.7 Crore." Mint. 2013. HighBeam Research. (March 29, 2015). http://www.highbeam.com/doc/1P3-3160729871.html
"Flipkart India Reports Loss of Rs.281.7 Crore." Mint. 2013. Retrieved March 29, 2015 from HighBeam Research: http://www.highbeam.com/doc/1P3-3160729871.html
Bangalore, Dec. 19 -- Flipkart India Pvt. Ltd, the wholesale business of India's largest ecommerce firm, Flipkart, reported a loss of Rs.281.7 crore for the year ended March, significantly wider than its loss of Rs.109.9 crore in the previous year, as it significantly raised spending to increase revenues.
Revenue for the year soared fivefold to more than Rs.1,180 crore from Rs.204.8 crore in the previous year, according to documents filed by the company with the Registrar of Companies.
Flipkart India's expenses also jumped more than five times to Rs.1,366 crore from Rs.265.6 crore last year. The company's cash balance dropped to Rs.166.2 crore as of 31 March from Rs.236 crore, a year ago. …
Business Today; February 16, 2014
Browse back issues from our extensive library of more than 6,500 trusted publications.
Help us improve our websites
Become a member of our Customer Advisory Panel. Your opinion matters!
Join the panelHighBeam Research is operated by Cengage Learning. © Copyright 2015. All rights reserved.
The HighBeam advertising network includes: womensforum.com GlamFamily