Flipkart Internet’s aggressive bid against rivals costs heavily, bleeds Rs 2,306 crore losses
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The losses increased by about 110%, as the company kept on ramping up the speed to fend off US-based online retailer-Amazon's $5-billion war chest for India.
According to regulatory filings with Registrar of Companies (RoC), sales were up at a much faster clip of 153% during the year to Rs 1,952 crore.
The pace of increase in both revenues and losses has come down as compared to the three-times jump in losses and four-times increase in revenues between FY14 and
In FY15,
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(image: IndiaTimes)
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