Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Flipkart's marketplace division reports 21% revenue growth, reducing losses by 41% in FY24.

flag Flipkart's marketplace division, Flipkart Internet, reported a 21% revenue growth to Rs 17,907 crore in FY24, while cutting losses by 41% to Rs 2,358 crore. flag This marks the second consecutive year of over 20% growth and reduced losses, attributed to a focus on profitability and organizational restructuring. flag In contrast, Amazon India saw only a 3% revenue increase to Rs 22,198 crore and a slight decline in losses. flag Flipkart has also ventured into quick commerce with its 'Minutes' service.

6 Articles