Amazon India’s marketplace arm narrows losses by 28% in FY24; revenue jumps 14%

Amazon Seller Services, the marketplace arm of e-commerce company Amazon in India, has reported 14 per cent growth in revenues while losses have narrowed by 28 per cent for the financial year 2023-24. The revenue from operations for the company increased to Rs 25,406 crore in FY24 from Rs 22,198 crore in FY23 and total income jumped to Rs 25,592 crore from Rs 22,429 crore during the said period, according to the regulatory documents sourced from the business intelligence platform Tofler.