Flipkart hauls more loss: registers Rs 3,837 crore deficit in 2018-19

The unit had posted a loss of Rs 2,063.8 crore for the financial year ended 31 March 2018, documents filed by Flipkart India to the corporate affairs ministry showed. “…company incurred a net loss of Rs 38,368 million during the financial year under review as against the net loss of Rs 20,638 million in the previous financial year. There has been an increase in the net loss by 85.91 per cent,” the documents sourced by Paper.vc said. Continue Reading

Flipkart expands delivery by 80%, plans big ahead of Big Billion Day sales

The company claims that it has increased its reach to around 19,200 PIN codes from about 10,660 codes in 2018 for delivery of large appliances. It also said that it has increased delivery capacity by 14 times this year compared to last year. Continue Reading