Flipkart India reports sales revenues for FY2019

Date : 29 October 2019

Overall losses despite positive sales numbers.

Increase in both revenues and losses

For its year ending in March 2019, Flipkart India, the wholesale division of Flipkart, reported sales revenues of approximately US$4.33bn. Separately, Flipkart Internet, which operates its marketplace, also reported sales revenues of US$593m.

Although this represents a 51% year-on-year increase for Flipkart Internet, it also reported a total loss of US$227m, up by 40% versus last year. This has been attributed to an employee stock buyback scheme as well as higher marketing spend.

 

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