Flipkart recorded significant rise in losses and revenues
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The festive season has just got over. Flipkart grabbed the attention for a record amount of sales and the e-commerce giant has recorded a significant rise in both losses and revenue. The operating revenue has witnessed a jump of 35.8% in the last fiscal. The company is seeking continual growth and expansion and the losses in the revenue indicate that. Flipkart and Amazon are competing fiercely to rule the Indian markets.