Amazon rivalry costs Flipkart net loss of ₹3200 crore

Flipkart reported a total loss of over 3,000 crores - that's a 71 per cent increase from the previous year. Flipkart India's losses saw a 750 % surge from last year to 2,000 crores while Flipkart Internet drop in losses at 1100 crore. Good news from the topline though, with combined revenue up 39 per cent from last year.