Flipkart unit’s losses rise 40% to Rs 1,624 crore https://ift.tt/36aoSfD - Walletnews For Me

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Monday, October 28, 2019

Flipkart unit’s losses rise 40% to Rs 1,624 crore https://ift.tt/36aoSfD

Flipkart Internet, the unit which runs the online platform, reported a 40% increase in losses to Rs 1,624 crore for the year ending March 31, 2019 after it was able to cut them by close to 30% in the previous financial year. This signals that the company has started investing for expansion under new owner Walmart.
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