Friday, 24 March, 2023

Flipkart's Marketplace Arm's Revenues Increase 33% to Rs 10,476 cr, But Losses Increase 1.5x

<p>Flipkart Internet, the marketplace branch of eCommerce business Flipkart, reported a 33% increase in operational income in fiscal 2022, but its loss for the year increased by one-and-a-half times as it spent more on shipping orders as well as marketing and promotions. Flipkart Internet earns money from a variety of sources, including platform fees from sellers and services like shipping and carrying adverts.</p>