Amazon India’s wholesale business sees flat revenue growth, net loss narrows by 44% in FY24

Amazon Wholesale (India) Private Limited, the wholesale unit of Amazon’s India arm referred to as Amazon Business catering to MSMEs and other enterprises, reported a flat growth in its revenue to Rs 3,613 crore in the financial year 2023-24 from Rs 3,605 crore in FY23, showed regulatory filings sourced from the business intelligence platform Tofler on Tuesday.

The revenue from operations also remained flat at Rs 3,576 crore in FY24 vis-a-vis Rs 3,600 crore in FY23 while net loss narrowed by 44 per cent to Rs 342 crore in FY24 from Rs 615 crore in FY23.