Snapdeal revenues rises 73% to Rs 925 crore in FY19

Snapdeal on Tuesday said its consolidated revenues rose by nearly 73% to Rs 925.3 crore in the year till March 2019. The company’s losses decreased to Rs 186 crore in FY19 from losses of about Rs 611 crore in FY18. Revenue from operations rose to Rs 813.8 crore in FY19 from Rs 436.1 crore in FY18, an increase of 87%, the company said.

“This year we continued our focus on driving growth with a lean and capital efficient foundation in the business. The company achieved a significant milestone by achieving cash break even in the month of June 2018 and also made the highest ever net revenue in its history in the month of October 2018,” Snapdeal said in filings made with the Registrar of Companies (RoC).