Flipkart marketplace arm revenue grows 21%, losses reduce by 41% in FY24

Flipkart Internet, the marketplace arm of Walmart-owned Flipkart, reported a 21 per cent year on year (Y-o-Y) growth in its revenue to Rs 17,907.3 crore in FY24.

The platform’s losses declined 41 per cent to Rs 2,358 crore, according to regulatory filings sourced from business intelligence platform Tofler.

Flipkart operates its India business through multiple entities. Flipkart Internet generates revenue through advertising, seller commissions, and value-added services.