Flipkart marketplace arm revenue grows 21% to Rs 17,907 crore, cuts loss by 41% in FY24

By

-

4 weeks ago

Walmart-owned Flipkart operates its India business through multiple entities, with Flipkart Internet being the entity responsible for running the marketplace. This entity earns revenue primarily through seller commissions, advertising income, and other fees for seller services. In FY24, Flipkart Internet generated nearly Rs 5,000 crore from advertising—a significant revenue source for large marketplaces in India. In FY23, Flipkart Internet’s advertising income was Rs 3,324.7 crore.

Read The Rest at :

Economic Times

Topics:

Flipkart

Amazon

ecommerce

revenue growth

FY24

advertising income

quick commerce

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.