Flipkart losses rise by 68% to ₹8,700 crore in FY 2017

Homegrown e-commerce startup Flipkart's losses have risen by 68% to ₹8,771 crore for the fiscal year 2017, according to reports. A five-fold increase, in finance costs of the startup, to ₹4,308 crore contributed to the losses, the reports added. However, the company's revenues rose by 29% to ₹19,854 crore in the same fiscal.