Flipkart Internet revenues jump 33% to Rs 10,476 crore

Ecommere company Flipkart’s marketplace arm, Flipkart Internet, posted a 33% rise in operating revenue in fiscal 2022, but its loss for the year widened one-and-a-half times as it spent more on delivering orders as well advertisements and promotions.

The Indian unit of Walmart posted a net loss of Rs 4,361 crore on operating revenue of Rs 10,476 crore in the year ended March 31, 2022, regulatory filings sourced from business intelligence platform Tofler showed.