Amazon Seller Services cuts net loss by 28% in FY24; revenue jumps 14%

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Amazon Seller Services cuts net loss by 28% in FY24; revenue jumps 14% - Business Standard

Quick Summary:

Flipkart Internet’s losses declined 41 per cent to Rs 2,358 crore, according to Tofler.

Last year, Amazon India saw 1.1 billion customer visits during the event, with almost 4 million new customers.

Other major costs included depreciation, depletion, and amortisation expenses of Rs 3,140.6 crore; advertising and sales promotion expenses of Rs 3,586 crore; and transportation and distribution expenses of Rs 7,488 crore.