Indian e-commerce giant, Flipkart’s losses have increased 68 per cent to ₹8,771.4 crore during 2017 compared with the year-ago period while revenues grew 29 per cent to ₹19,854.6 crore.
Flipkart’s acquired businesses during the year contributed to a revenue of ₹553.3 crore and a loss of ₹156 crore for the periods from their respective acquisition dates to March 31, 2017, Flipkart’s filing with Singapore’s RoC said, as per business intelligence platform, paper.vc.