Flipkart Internet's loss reduced by 29% to â¹1,639 cr in FY17
Flipkart Internet, the marketplace arm of Flipkart India, has reduced losses by 29% to â¹1,639 crore in the financial year 2017, compared to â¹2,306 crore in the year-ago period. The decrease was attributed to the reduction in logistics and storage charges, filings revealed. However, revenue grew 15% to â¹2,253.5 crore for the same period from â¹1,952 crore in 2016 fiscal.