Flipkart Internet Shines With 42% YoY Revenue Surge in FY23, Investment in Logistics Pays Off
Flipkart, India’s e-commerce giant owned by Walmart, has unveiled its financial results for fiscal 2023, ending March 31, 2023. The heartbeat of Flipkart’s marketplace operations, Flipkart Internet, showcased an impressive 42% YoY growth in operating revenue, from Rs 10,477 crore in FY22 to Rs 14,845 crore in FY23. From seller commissions and advertising income to …