Flipkart's marketplace arm shrinks loss to $243m in fiscal 2017

Flipkart's marketplace arm shrinks loss to $243m in fiscal 2017

Abdul Saleem, a deliveryman known as a Wishmaster for Flipkart Online Services Pvt's Ekart Logistics service, sorts packages at the company's office in the Jayaprakash Narayan Nagar area of Bengaluru, India, on Wednesday, Oct. 26, 2016. Photographer: DHIRAJ SINGH/Bloomberg

Flipkart Internet Pvt. Ltd, the marketplace arm of Flipkart India that books commissions on each sale, reported narrower losses, but the overall sales of the e-tailing major grew at a slower-than-expected pace, show regulatory documents.

For the year ended March 2017, Flipkart Internet reported losses of ₹1,639 crore, compared with ₹2,306 crore in the year-ago period.

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