homevideos Newsearnings NewsFlipkart’s loss widens by 51% on back of 36% rise in expenses

Flipkart’s loss widens by 51% on back of 36% rise in expenses

Walmart-owned online marketplace Flipkart has seen its losses widen by 51 percent in FY22 due to a 36 percent rise in expenses. Revenues were up 31 percent led by growth in marketplace services, logistics management and advertising services.

By Shilpa Ranipeta  Oct 28, 2022 10:45:09 PM IST (Published)

1 Min Read
Walmart-owned online marketplace Flipkart has seen its losses widen by 51 percent in FY22 due to a 36 percent rise in expenses.
Revenues were up 31 percent led by growth in marketplace services, logistics management and advertising services.
The total expenses for the company which increased by 36.5 percent were led by transportation, advertising and promotion and legal costs.