Amazon Wholesale reports loss of ₹480 cr in FY22, revenue up 47%

Amazon's B2B arm, Amazon Wholesale (India), reported a net loss of ₹480 crore in FY22 as against a net profit of ₹43 crore in FY21. Its revenue surged by 47% to ₹4,605 crore in FY22 and its total expenses were ₹5,086 crore. Its operating revenue rose by 46.6% to ₹4,592 crore from ₹3,131.9 crore on a year-on-year basis.