Amazon Seller Services loss widens to Rs 5,849.2 crore in FY20

Amazon Seller Services, the India unit of US e-tail giant Amazon, saw its losses widening to Rs 5,849.2 crore for 2019-20 fiscal from the previous year, according to regulatory documents.

Amazon Seller Services had recorded a net loss of Rs 5,685.4 crore in 2018-19, according to Registrar of Companies filing shared by market intelligence firm Tofler.

Its revenue from operations grew from Rs 7,593.5 crore in financial year 2019 to Rs 10,847.6 crore in financial year 2020, it added.

“The company revenue grew by 43 per cent compared to the last financial year. The company continues to invest in opening new fulfillment centres, and technology advancement,” the filing said.