Flipkart Internet, the marketplace arm of Flipkart India, has reduced losses by 29% to ₹1,639 crore in the financial year 2017, compared to ₹2,306 crore in the year-ago period. The decrease was attributed to the reduction in logistics and storage charges, filings revealed. However, revenue grew 15% to ₹2,253.5 crore for the same period from ₹1,952 crore in 2016 fiscal.