Flipkart Lost Rs 2,850 Cr in Fiscal 2016, Sales Jumped to Rs 15,403 Cr

According to filings made by Flipkart’s Singapore registered holding company, the firm’s loss mounted to about Rs 2,850 crore, compared to about Rs 2,000 crore a year earlier.

The company’s revenue rose to Rs 15,403 crore in FY16, compared to Rs 10,390 crore in the previous fiscal.

And by the way, Amazon lost 3572 crores in FY15-16.

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