Flipkart lost Rs. 15 Crore per day last year; 69% rise in losses

Flipkart’s two of the largest arms together lost Rs. 5,459 crores during FY 19. They suffered a massive loss of Rs.15 crores per day for the Walmart-owned company. The losses were risen to 69 percent over the last year, while revenues rose only 44 percent. Flipkart is now 12 years old. Flipkart is backed by Walmart, which is worth $335 billion, and willing to burn serious money to win India’s e-commerce space.