Flipkart losses increased by 750%

For the FY ending March 2018, Flipkart’s wholesale arm, Flipkart India’s losses has increased by nearly 750% to over Rs 2,000 crore, while the online marketplace company, Flipkart Internet has reported losses of about Rs 1,100 crore, which is a drop of just under 30% compared to the year before.

Flipkart India’s losses for the financial year ended 2017 had come down to about Rs 244 crore, compared to Rs 545 crore in the year ended March 2016 (source).

Thanks to aggressive marketing and Amazon rivalry.

For how long will this loss leadership continue?

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