Flipkart losses narrowed to ₹544.6 crore in 2016
Indian e-commerce major Flipkart's losses narrowed to ₹544.6 crore in 2016 from ₹826.7 crore in the previous year, according to data platform Tofler. Flipkart posted a revenue of ₹13,177 crore in 2016, up 43% from ₹9,226 crore in the previous year. Flipkart's rival Amazon India’s both revenue and losses more than doubled in 2015-16.