Flipkart Internet's FY19 losses rise by 40% to ₹1,624 crore

Flipkart Internet, which operates the e-commerce portal Flipkart, has posted a 40% increase in its losses to ₹1,624 crore in 2018-19 from ₹1,160 crore in the previous financial year. As per regulatory filings, the widened losses come amid its employee costs, and advertisement, promotions and legal expenses rising to ₹3,407 crore. Its operating revenue grew 51% year-on-year to ₹4,234 crore.