Flipkart losses rise in FY20 even as Walmart plans IPO

Flipkart's operating revenues for FY20 came in at Rs 5,916 crore, while Rs 400 crore was cited as "other income".

Operating revenues came from marketplaces services, which entails transaction fees paid by third-party sellers, which rose to Rs 2,297 crore, up from Rs 1,983 crore, the previous year. Logistics services, which entails shipping services offered by the company to vendors, saw revenues of Rs 1,618 crore, up from Rs 996 crore. Flipkart's advertisement services saw the biggest spike to Rs 1,008 crore from Rs 575 crore. The company's advertisement services are based on the impressions or clicks generated to an advertiser's website through the platform.

Flipkart India, the wholesale arm of the Flipkart Group also recently reported financials for FY20, with revenues coming in at Rs 34,610 crore, a 12 percent YoY jump, while losses decreased 18 percent to Rs 3,150 crore.

Financials of the entire Flipkart Group for FY20 are still awaited.

Flipkart Pvt Ltd, which includes the ecommerce platform, payments app PhonePe, fashion platform Myntra and logistics and wholesale business Flipkart India, had recorded revenues of over $6 billion in FY19, a 42 percent YoY jump.