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Tag: Rs

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

Amazon pumps in over Rs 4,400 crore in India business, Retail News, ET Retail

NEW DELHI: The US-based Amazon is pumping in over Rs 4,400 crore (more than USD 600 million) in its various units in India including marketplace and food retail to provide them more ammunition to compete against arch-rival Flipkart. Amazon, which is locked in a battle against Flipkart, had registered cumulative losses of over Rs 7,000 …

Amazon pumps in over Rs 4,400 crore in India business, Retail News, ET RetailRead More

Flipkart logs loss of Rs 3,837 crore in 2018-19, Retail News, ET Retail

NEW DELHI: Flipkart India, the B2B arm of Walmart-owned Flipkart, has registered a higher loss of Rs 3,836.8 crore during 2018-19 as compared to the previous financial year, according to regulatory documents. The unit had posted a loss of Rs 2,063.8 crore for the financial year ended March 31, 2018, documents filed by Flipkart India …

Flipkart logs loss of Rs 3,837 crore in 2018-19, 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

Flipkart unit’s losses rise 40% to Rs 1,624cr, Retail News, ET Retail

Bengaluru: Flipkart Internet, the unit which runs the online platform, reported a 40% increase in losses to Rs 1,624 crore for the year ending March 31, 2019 after it was able to cut them by close to 30% in the previous financial year. This signals that the company has started investing for expansion under new …

Flipkart unit’s losses rise 40% to Rs 1,624cr, Retail News, ET RetailRead More

Meesho revenue at Rs 84 cr, Retail News, ET Retail

BENGALURU: Social commerce startup Meesho reported revenue of Rs 84 crore for the financial year ended March 31, up from Rs 6 crore in the corresponding period last year. Losses widened to Rs 100.42 crore from Rs 5 crore in the previous financial year, according to regulatory filings. Meesho enables small businesses and individuals to …

Meesho revenue at Rs 84 cr, Retail News, ET RetailRead More

E-tailers set to celebrate Diwali worth Rs 35,000 crore, Retail News, ET Retail

New Delhi, With the second wave of festive sales coming to an end, industry experts say the e-commerce players like Amazon and Walmart-owned Flipkart are set to celebrate a bumper Diwali with pocketing over Rs 35,000 crore (nearly $5 billion) despite certain sectors facing severe economic gloom. Led by Amazon and Flipkart, e-tailers in India …

E-tailers set to celebrate Diwali worth Rs 35,000 crore, Retail News, ET RetailRead More

Indiamart Q2 profit falls 55% to Rs 9 crore, Retail News, ET Retail

B2B e-commerce company Indiamart Intermesh on Tuesday posted 55 per cent decline in consolidated net profit at Rs 9 crore for the September quarter, mainly on account of change in tax rate and regulations. The company had posted a profit of Rs 20 crore during the same period of 2018-19. “Tax expense for the quarter …

Indiamart Q2 profit falls 55% to Rs 9 crore, Retail News, ET RetailRead More

Paytm founder Vijay Shekhar Sharma to take home Rs 3 crore in remuneration in FY20, Retail News, ET Retail

NEW DELHI: Paytm founder Vijay Shekhar Sharma will take home a remuneration of Rs 3 crore this fiscal, as per regulatory filings. The proposal pertaining to Sharma’s remuneration was approved by members of One97 Communications Ltd at their Annual General Meeting on September 30, 2019, filings with the Corporate Affairs Ministry showed. “…consent…is hereby accorded …

Paytm founder Vijay Shekhar Sharma to take home Rs 3 crore in remuneration in FY20, Retail News, ET RetailRead More

Cloudtail’s topline up 25% at Rs 8,945 crore, Retail News, ET Retail

Bengaluru: Cloudtail, one of the largest sellers on Amazon India, reported a 25% increase in its revenues to Rs 8,945 crore, while also swinging back to a profit of Rs 29 crore in FY19, according to MCA filings obtained from Tofler. Cloudtail had reported a loss of Rs 4 crore in FY18 after posting a …

Cloudtail’s topline up 25% at Rs 8,945 crore, Retail News, ET RetailRead More