Amazon India's e-commerce arm narrows FY19 loss to Rs 5,685 cr; revenue rises 55% to Rs 7,778 cr

New Delhi: Amazon Seller Services, the online marketplace arm of the e-commerce giant in India, has narrowed its loss to Rs 5,685 crore for 2018-19. This is a 9.5 percent decrease from the last financial year, when the company had posted a loss of Rs 6,287.9 crore, as per documents sourced by business intelligence platform Tofler. Amazon Seller Services saw revenues growing 55 percent to Rs 7,778 crore in 2018-19 over the previous fiscal, it added. [caption id=“attachment_7283061” align=“alignleft” width=“380”] Representational image. AP.[/caption] Coupled with its other entities in India, Amazon’s losses in India in FY2018-19 were over Rs 7,000 crore. Amazon Wholesale India - the B2B arm of the American e-commerce giant - reported its revenues for the financial year 2018-19 as Rs 11,250 crore, an 8 percent fall since the last financial year. The entity’s loss, however, widened to about Rs 141 crore during the same fiscal, from Rs 131.4 crore in 2017-18. Amazon Pay India - its payments arm that competes with the likes of Paytm, Flipkart’s PhonePe and Google Pay - recorded a manifold rise in losses. Its loss widened to Rs 1,160.8 crore in FY19 from Rs 334.20 crore in FY18, as per Tofler. The unit’s revenues for the financial year 2018-19 more than doubled to Rs 834.5 crore over the previous fiscal. Amazon Transportation Services reported a 31 percent rise in revenues at Rs 2,079 crore, while its net loss was at Rs 27.5 crore in 2018-19. Emails sent to Amazon India did not elicit a response. Amazon and its rival, Walmart-owned Flipkart have been pumping in millions of dollars across various operations like a marketplace, infrastructure and supply chain management as well as marketing and promotion. Amazon founder Jeff Bezos had committed investment worth $5 billion in the Indian market in 2016.