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

  • 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

  • Coupled with its other entities in India, Amazon's losses in India in FY2018-19 were over Rs 7,000 crore

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.

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

Representational image. AP.

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.

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Updated Date: Oct 29, 2019 18:31:00 IST