For the year ended March 2017, Flipkart Internet reported losses of ₹1,639 crore, compared with ₹2,306 crore in the year-ago period. Photo: Hemant Mishra/MintBengaluru: Flipkart Internet Pvt. For the year ended March 2017, Flipkart Internet reported losses of ₹1,639 crore, compared with ₹2,306 crore in the year-ago period. In fiscal 2016, Flipkart Internet had posted sales of ₹1,952 crore. In an interview last September, Flipkart chief executive officer Kalyan Krishnamurthy indicated that all-out sales growth, and not profitability, was its biggest priority.

Source: Mint May 31, 2018 15:45 UTC