Page 5 - Flipkart

Flipkart India FY22 revenue at Rs 51,176 cr, loss widens 39% to Rs 3,404 cr

The B2B arm of Walmart-owned e-commerce firm Flipkart reported expenses of Rs 54,580 crore, up about 19% over the previous year

Flipkart FY22 net loss widens to Rs 3,413 cr despite increase in revenues

E-commerce major Flipkart India's consolidated net loss widened to Rs 3,413 crore in the financial year 2021-22 despite increase in revenues, according to financial data accessed by business intelligence platform Tofler. The Walmart group-owned firm had reported a net loss of Rs 2,445.6 crore in the previous financial year 2020-21. On a standalone basis, Flipkart's net loss widened to Rs 3,404.3 crore during 2021-22 from Rs 2,444.8 crore in 2020-21. Net total income both on standalone and consolidated basis increased by about 18 per cent to Rs 51,175.7 crore from Rs 43,349.1 crore in FY21. The company's total expenses for the fiscal were reported at Rs 54,580 crore, Tofler said. The company acquired stake in 63Ideas Infolabs, which operates the Ninjacart brand, and 50 per cent stake in Childrenite Private during the year. An email query sent to Flipkart elicited no immediate reply.

Nothing Ear (stick) hands-on: Five things these wireless earbuds roll about

Priced at Rs 8,499, the Nothing Ear (stick) will be available in India on Myntra and Flipkart from November 17

Explained: Why Indian Startups are establishing a base in Singapore

Singapore is number one in the world on the Heritage Foundation's index of economic freedom, number one in the World Economic Forum global competitiveness report last published in 2019

Flipkart's loss widens 51% to Rs 4,362 cr in FY22 on 36% spike in expenses

The firm spent more on delivering orders as well as on ads and promotions; revenue up 31% to Rs 10,659 cr

Flipkart's net loss widens 51% on account of rising transportation costs

Flipkart's operating loss or EBITDA (earnings before interest, taxes, depreciation, and amortisation) loss stood at Rs 3,925 crore, which was up from Rs 2,267 crore in the previous fiscal

Walmart reportedly raising up to $3 bn for Flipkart to expand India biz

Retail giant Walmart is reportedly raising up to $3 billion for its e-commerce giant Flipkart to further expand its operations in the country

Flipkart to raise up to $3 bn to expand product range in India: Report

Walmart Inc-backed Flipkart is considering raising $2 billion to $3 billion at a valuation of more than $40 billion to expand its product range in India

PhonePe in talks to raise $700 million at $12 billion valuation

Digital payments firm seeking investors' support to scale up operations and compete with rivals

Nothing Ear (stick) will be available on Myntra, Flipkart; launch on Oct 26

Second wireless earbuds in the Nothing's audio line, the Ear (stick) are going to be half in-ear design variant of the Ear (1)

Economy lightens up on festive season demand as shoppers back in force

Online marketplaces Amazon.com Inc., and Walmart Inc.-owned Flipkart saw sales jump 27% from a year ago to $5.7 billion during the festival season's first sale between Sept. 22-30

Flipkart Big Diwali sale: Samsung to Realme, deals on budget 5G smartphones

In its Big Diwali sale, Flipkart is offering exchange deals, bank offers, discounts, and no-cost EMI scheme on select smartphones. Check out the deals on budget 5G smartphones

Flipkart unveils Flipverse, a virtual shopping experience in metaverse

The e-commerce firm has partnered with Web3 entertainment firm eDAO for the initiative where consumers can discover products in photorealistic virtual destinations and shop on Flipkart App

Flipkart partners with eDAO for virtual shopping experience in metaverse

Homegrown e-commerce platform Flipkart announced that it has partnered with Polygon-incubated organisation eDAO to launch a metaverse space, Flipverse

Motorola launches Moto e22s in India: Know price, specifications, and more

The Motorola Moto e22s, priced at Rs 8,999, will be available on Flipkart and select retail outlets from October 22

'Brand Aamir' in the soup over ad controversy. Can he bounce back?

Actor facing flak for ad for AU Small Finance Bank; not new to controversy, which could affect brand value, say experts

Pixel 7 series: Guided frame to Unblur, details of Google's camera upgrades

Powered by Tensor G2 processor, the Pixel 7 and Pixel 7 Pro are priced at Rs 59,999 and Rs 84,999, respectively. The smartphones go on sale in India from October 13

Meesho surpasses Amazon in festive order volumes, Flipkart leads the market

E-commerce firms such as Amazon, Flipkart, Meesho, Reliance's JioMart and Tata Group have been running various parallel sale events

Motorola Moto e32 with 6.5-inch HD IPS screen of 90Hz refresh rate launched

Priced at Rs 10,499, the Moto e32 is available in eco black and arctic blue colours on Flipkart

Apple iPhone 14 Plus now available for purchase in India: Specs, offers

On Apple iPhone 14 Plus, Apple is offering Rs 5,000 cashback on HDFC Bank credit and debit cards, and no cost EMI up to 6 months