Flipkart's loss increases by 51% to Rs. 4,362 crore
Image Credit: economic times
E-commerce giant Flipkart's marketplace arm Flipkart Internet Private Ltd.'s FY22 report is a mixed bag. The company recorded a 31% increase in revenue. At the same time, its net loss jumped to Rs. 4,362 crore. The increase in loss is driven by a jump in transportation, marketing, and legal expenses. Flipkart Internet provides services such as payment gateway, internet technology, advertising, and logistics management.