Is Flipkart really in loss?

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Is Flipkart really in loss?

Flipkart India revenue grew 12\% to Rs 34,610 cr in FY20; losses dropped 18\% The company’s net loss during the year, at Rs 3,150 crore, dropped 18 per cent from 2018-19, showed regulatory documents sourced from business intelligence platform Tofler.

Is Flipkart and Amazon in loss?

Amazon and Flipkart’s revenue from operations rose by nearly 43\% and 40\% to Rs 1,0847.6 crore and Rs 5,916.3 crore respectively. For Amazon, losses increased only marginally while Flipkart posted a 19.21\% rise in net losses.

Is Amazon still in losses?

Amazon Pay India, the digital payments arm of US-based ecommerce giant Amazon, saw its loss narrow by 18.8\% in the financial year 2020-21 to Rs 1,516.4 crore from Rs 1,868 crore in FY20, according to its filings with the Registrar of Companies.

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Why e commerce is in loss?

The Corona wave and the lockdowns together worked against many small and medium-scale businesses. Factors that affected the ecommerce businesses in India due to this include disturbance and shortage in the supply chains, limited investment from the customers, and lack of the most essential products during the time.

Is flipkart worth joining?

While working at a fast-paced, innovator company such as Flipkart can sometimes be taxing, it can also be hugely rewarding for those wanting to experience trailblazing career growth. I joined as a management trainee three years back, and I’ve experienced first hand what career growth looks like.

Is snapdeal making loss?

It shed excess staff and moved away from non-core operations selling FreeCharge at a valuation of $60 million, almost a 90 per cent loss from the acquisition price. Dubbed as Snapdeal 2.0, the company managed to cut losses by 95 per cent while revenue grew by 85 per cent over the last three years.

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Why e commerce is not successful in India?

One big reason for the e-commerce failure in India is unemployment. India witnessed its worst job losses from 2015 to 2017 when compared to the last two decades. A McKinsey and Company report says half of Indian Information Technology (IT) workforce will be irrelevant over the next 3-4 years.

Is e commerce really profitable?

Is ecommerce profitable? Yes, the ecommerce industry is profitable.