Flipkart loses $6.1 billion raised by investors
India’s largest online retail store Flipkart lost an amount of $6.1 billion raised by its investors in a battle against Amazon.com. The fight for supremacy took a toll on Flipkart backed by SoftBank. Apart from heavy discounts, these online retailers have also been investing in newer fields like appliances, apparel and groceries. Flipkart’s revenue growth slowed down in March 2017, according to the ACRA of Singapore.