Snapdeal cuts losses by 43 per cent to Rs 160 crore in FY24

E-commerce platform Snapdeal has reduced its losses considerably in FY24, despite near-flat revenue growth during the year. The company narrowed its net loss by 43% to Rs 160.4 crore in FY24, from Rs 282.2 crore a year ago. On an adjusted basis, Ebitda loss narrowed by 88% to Rs 16 crore from Rs 144 crore in FY23.