Flipkart posts 2-fold rise in losses to ₹2,306 crore
Indian e-commerce major Flipkart has reported a net loss of ₹2,306 crore for the year ended March 31, 2016. Its losses more than doubled from ₹1,096 crore in the previous financial year, while its revenue grew to ₹1,952 crore in FY16. Founded in 2007, Flipkart has raised over ₹21,500 crore so far.