Flipkart Internet reports nearly 21% rise in FY24 revenue, cuts down losses

Quick Summary:

The marketplace arm of Flipkart reported a 41% drop in its net losses to Rs 2,358 crores.

It reported a loss for the year ended March 31 of Rs 4,248.3 crore compared with Rs 4,897 crore incurred in the previous year.

It was earlier reportedly eyeing to buy the quick commerce unicorn Zepto but the talks fell through.

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Article Details

Author / Journalist: Sai Keerthi

Category: StartupsEconomyBusiness

Markets: IndiaSingapore

Topics: Fy24 Rise Losses Privacy Quick Expenses Policy Revenue Reported Crore Flipkart

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-28 @ 15:32:27 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 284 words

Reading Time: 2 minutes read

Sentences: 18 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 23289819

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Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 14 posts per day

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