Flipkart loses Rs 3,200 crore on Amazon rivalry

Flipkart India, the wholesale arm of the online retailer, saw losses swelling by nearly 750% to over Rs 2,000 crore, while Flipkart Internet — the entity that runs the online marketplace — reported losses of about Rs 1,100 crore, which is a drop of just under 30% compared to the year before.

from Times of India https://ift.tt/2PpPUKC