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Tag: FY19

Flipkart Group narrows losses to Rs 17,231 cr in FY19, Retail News, ET Retail

NEW DELHI: Flipkart Ltd, the Singapore holding company of the Indian e-commerce major, narrowed its losses to Rs 17,231 crore (USD 2.42 billion) for the fiscal ended March 2019, while revenues grew by 42 per cent over the previous year, according to financial data platform Paper.vc. The group managed to achieve a 63 per cent …

Flipkart Group narrows losses to Rs 17,231 cr in FY19, Retail News, ET RetailRead More

Flipkart group FY19 revenue crosses $6 billion, losses reduce over 60%, Retail News, ET Retail

Flipkart Limited, Singapore domiciled parent entity of the online retailer, has reported consolidated revenue of $6.14 billion for the financial year ending March 31, 2018, up 42% compared to the corresponding period last year. For the financial year in consideration, the group’s losses reduced 63% to $2.42 billion, according to regulatory filings made in Singapore …

Flipkart group FY19 revenue crosses $6 billion, losses reduce over 60%, Retail News, ET RetailRead More

Paytm Mall’s losses contract 35% in FY19, revenue up 25%, Retail News, ET Retail

BENGALURU: Paytm Mall, the e-commerce marketplace unit of Paytm, reported a 35% reduction in losses to Rs 1,171 crore in the year ended March 31. The company reported a loss of Rs 1,806 crore in the previous financial year. Paytm Mall saw revenue jump 25% to ?968 crore in FY19, from Rs 775 crore in …

Paytm Mall’s losses contract 35% in FY19, revenue up 25%, Retail News, ET RetailRead More

E-payments battle leads to $1bn loss for top cos in FY19, Retail News, ET Retail

Digbijay Mishra & Madhav Chanchani | TNN Bengaluru/New Delhi: The battle for domination in the digital payments space has caused a collective loss of over Rs 7,283 crore ($1.03 billion) between SoftBank-backed Paytm, Walmart-owned PhonePe and Amazon Pay during the fiscal ending March 2019. This is a collective increase of 167% from Rs 2,729 crore …

E-payments battle leads to $1bn loss for top cos in FY19, Retail News, ET RetailRead More

Amazon India’s e-comm arm narrows FY19 loss to Rs 5,685 crore, Retail News, ET Retail

NEW DELHI: Amazon Seller Services, the online marketplace arm of the e-commerce giant in India, has narrowed its loss to Rs 5,685 crore for 2018-19. This is a 9.5 per cent decrease from the last financial year, when the company had posted a loss of Rs 6,287.9 crore, as per documents sourced by business intelligence …

Amazon India’s e-comm arm narrows FY19 loss to Rs 5,685 crore, Retail News, ET RetailRead More