Revenue at Flipkart, which also owns the fashion retailers Myntra and Jabong and the PhonePe payments platform, rose 29% to Rs19,854 crore, according to filings sourced by paper.vc from Singapore, where Flipkart is listed. The revenue growth slowed from the 50% it reported in the preceding year. Ltd (Amazon India) posted revenue of Rs3,129 crore in the year to March 2017, compared with sales of Rs2,217 crore in the previous year. The revenues of Flipkart and Amazon aren’t comparable because the companies have different legal structures. With the additional financing from SoftBank, Flipkart has prioritised market share gains and revenue growth.

Source: Mint February 03, 2018 14:37 UTC