Financial year’17 is about to get over and with that companies are disclosing their yearly turnover. E-commerce retailer Flipkart disclosed their turnover of Rs. 15,254.4 Crore for the march, 17. The company’s turnover is raised 15.8 5 over Rs 13,177 Crore in revenues for financial year, 16.
E-commerce has led to drastic change in the history of business. These retailer websites like Amazon, Myntra, E-bay, Jabong etc. introduces schemes on daily basis to benefit the customers on top brands. E-commerce is successful majorly in satisfying the customers. The services and products are reaching to their doorstep what else a customer requires. Whereas, Flipkart earns its’ revenues through commission paid by the customer on each sale.
Flipkart is also registered with Singapore will soon post the annual documents for 2016-2017 financial year.
Whereas, the rival company of Flipkart i.e. Amazon wholesale unit disclosed an outrageous jump in turnover about 2,700 times to Rs 7,047 Crore during financial year, if compared to last financial year i.e. 2016 from Rs 2.63 Crore.
Flipkart even disclosed the net loss of finanicial year, 16 i.e. Rs 2,306 Crore, losses were doubled up from Rs 1,096 Crore for financial year, 17.