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Swiggy Revenue Soars 45%, Yet Net Loss Widens 15% In FY23

Swiggy, a food and grocery delivery company, reported a 45 per cent increase in operational revenue to Rs 8,265 crore in the fiscal year ending March 2023, while its net loss increased by 15 per cent to Rs 4,179 crore. The Prosus-backed business, which is presently preparing for an initial public offering (IPO), invested extensively during the […]

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Companies E-commerce & Marketplaces Finance News

Flipkart Marketplace Surges 42%: Revenue Rockets While Losses Dip In FY23

Flipkart Internet, the marketplace arm of ecommerce major Flipkart has reported a Rs 14,845 crore growth in its operating revenue by 42 per cent for the financial year 2023. The company’s loss narrowed by 9 per cent to Rs 4,026 crore, according to a media report on Thursday. The firm’s operating revenue in 2022 stood […]

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Amazon's Karigar Mela To Showcase India's Sustainable Crafts
Brands Companies Finance News

Amazon Seller Services Net Loss Widens 33% In FY23

Amazon Seller Services, the marketplace arm of Amazon India, has reported a 33 per cent surge in its net loss for the fiscal year ending March 2023, reaching Rs 4,854 crore compared to Rs 3,649 crore in the previous fiscal period. According to regulatory filings, the company witnessed an almost 8 per cent increase in […]

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