[UPDATE] Despite Baby Steps Towards Profitability, India's Ecommerce Giants Mired In Over INR 9.7K Cr Losses
India, Jan. 14 -- The race between the biggest ecommerce platforms in India is not just for the biggest bite of the market, but also to become the first past the post for profitability. For the past few years, the biggest efforts have been to scale down on cashburn tactics and look for efficiency in every aspect of the operations. The four horsemen of the Indian ecommerce sector - Flipkart, Amazon, Snapdeal and Paytm Mall - have collectively managed to cut down their losses by INR 1,125.74 Cr in FY20, but there are still big losses under that macro view.
The four companies reported a cumulative loss of INR 9,752.20 Cr in the financial year 2020, ending March 31, 2020, representing a decline of 10% from the INR 10,877.94 Cr the four compa...
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