Sunday, October 28, 2018

Flipkart loses Rs 3,000 crore on Amazon rivalry

Flipkart’s fight against Amazon has caused the e-commerce company losses of over Rs 3,200 crore for the financial year ended March 2018, 70% higher than the previous year, according to regulatory filings of the two main entities that control the India business — Flipkart India and Flipkart Internet.

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