Snapdeal losses drop 88% to â¹613 crore in FY18
Snapdeal has posted an 88% drop in its consolidated losses to â¹613 crore in the financial year 2018 from â¹4,647.1 crore the previous year, as per filings. However, Snapdeal reported a decline in consolidated revenue from operations to â¹436.1 crore for 2017-18 from â¹903.8 crore for the previous fiscal. The promotion expenses were reduced by 88% year-on-year, the company added.