Flipkart’s marketplace arm cuts losses by 13 per cent

Flipkart Internet, the marketplace arm of Walmart-owned e-commerce giant Flipkart, posted a 26% jump in its gross revenue from operations to Rs 70,542 crore in FY24, up from Rs 55,824 crore in FY23. Losses were lower by 13% at Rs 4,248 crore as against Rs 4,897 crore a year ago, as revenue grew faster than expenses, according to its filings.

Among the multiple entities through which Flipkart operates in India, revenue in Flipkart’s marketplace arm primarily includes seller commissions, advertising, and other seller fees.