Flipkart India cuts losses by 55% to â¹244 crore in FY17
Flipkart India, the wholesale arm of the e-commerce startup, has cut its losses by 55% to â¹244 crore for the fiscal year 2017, filings have revealed. However, the arm's total expenses shot up by 15% to â¹15,813 crore in the same period. Further, its revenues rose 18% to â¹15,569.2 crore in the fiscal from â¹13,177.4 crore in the previous year.