Flipkart Ltd, the Singapore holding company of the Indian e-commerce major, narrowed its losses to Rs 17,231 crore ($2.42 billion) for the fiscal ended March 2019, while revenues grew by 42 per cent over the previous year, according to financial data platform Paper.Vc.
The group managed to achieve a 63 per cent reduction in losses from Rs 46,895 crore ($6.6 billion) in 2018 to Rs 17,231 crore ($2.42 billion) for the financial year ending March 31, 2019, it said. Flipkart posted Rs 42,878 crore revenue from contracts with customers with total revenue adding up to Rs 43,615 crore ($6.14 billion), it added.