Amazon’s combined FY19 losses in India businesses at over Rs 7,000 cr

E-commerce giant Amazon has faced losses in several of its business entities in India, such as seller services, wholesale, transportation services and digital payments, for the 2018-19 financial year. The combined losses of these entities stand at over Rs 7,000 crore.

The company’s online marketplace arm, Amazon Seller Services Private Limited, reported a net loss of Rs 5,685 crore for the financial year, according to data accessed by business intelligence platform Tofler. This is a 9.5 per cent decrease from last financial year, even as its revenue has jumped 55 per cent during the period to Rs 7,778 crore.

This year, Amazon stepped up its investment in India and pumped Rs 2,800 crore into the Amazon Seller Services marketplace. The fresh investment came at a time when the Seattle-headquartered firm had signed off from China.