Flipkart India trims losses as revenues grow in FY20

Walmart-owned e-commerce major Flipkart India Pvt. Ltd narrowed its net losses in the fiscal year ended 31 March 2020 while revenues grew.

The business-to-business (B2B) wholesale arm of Flipkart posted a net loss of ₹3,150 crore in 2019-20, compared with ₹3,835 crore in the previous year, according to regulatory filings accessed through market intelligence platform Tofler.

Revenue grew 12% during the year to ₹34,610 crore.