Indian e-commerce giant Flipkart has posted a 19% increase in turnover for the year ending March 2017, registering Rs 15,264 crore in FY17 compared to Rs 12,818 crore in the previous year.
Amazon Reports a Tremendous Increase
Flipkart’s turnover in 2015 was Rs 9,351.7 crore, which reflected a steady increase in its revenues over the last three fiscals, on the other hand, Amazon‘s wholesale unit in India reported a tremendous jump in turnover of nearly 2,700 times to Rs 7,047 crore during FY17 from Rs 2.63 crore of the previous year.
The surge in Amazon Wholesale India’s turnover came after the government provided rules in mid-2016 stipulating that deals with a solitary seller couldn’t surpass 25% of the aggregate gross offers of an online commercial centre.
Operating Complex Group of Companies
Singapore-enrolled Flipkart works an unpredictable gathering of organizations to follow directions while raising outside assets. As indicated by industry specialists, the discount element’s numbers are not intelligent of the general organization’s wellbeing as such arms are created as accounting vehicles.