Flipkart’s revenue grew by 50% in Financial Year 2018

Bengaluru: Flipkart Group saw its total revenues increase by a faster pace of over 50% to Rs 30,164 crore in the financial year ending March 2018.
This came even as losses increased over fivefold, primarily on account of finance costs, to Rs 46,895 crore, according to filings of its Singapore parent sourced from data intelligence platform Paper.vc.
Without taking into account finance costs, which was a derivative expense on account of the down-round fund-raise by the company in mid-2017, losses increased by 75% to Rs 5,964 crore. Finance costs — mostly under “fair value loss on derivative financial instruments” — increased nearly tenfold to Rs 40,937 crore in FY18 from Rs 4,309 crore in FY17.