India: Flipkart losses mount to $303m in FY15 as it burns cash in a high-stake market place battle

India: Flipkart losses mount to $303m in FY15 as it burns cash in a high-stake market place battle

Photo: Mint

Two main entities controlled by Flipkart, India’s largest e-commerce firm, reported a loss of about Rs.2,000 crore in the year ended March, up from a loss of Rs.715 crore in the previous year, the Economic Times reported on Thursday, citing regulatory filings.

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