Flipkart FY19 loss widens 40% to ₹1,625.7 crore

Flipkart Internet’s net loss widened 40 per cent to ₹1,625.7 crore for FY19 thanks to spiralling logistics and customer acquisition costs.

Total income of the company — which runs Flipkart’s e-commerce platform — rose 57 per cent to ₹4,804.7 crore. This includes other income of ₹570 crore, which more than doubled compared with the previous year, according to documents sourced from data intelligence platform paper.vc.

The e-tailer’s continued customer acquisition costs, rising supply chain and logistics costs, and the government’s amendment of e-commerce regulations earlier this year, have all contributed to the e-commerce major’s spiralling losses.