Flipkart group companies cut FY25 losses as Myntra stays on profit track

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Ecommerce marketplace Flipkart, which is under pressure to focus harder on profitability as it gears up for an initial public offering (IPO) in 2026, saw most of its group entities narrow losses in 2024-25 by cutting back on expenses, although revenue growth was muted amid a slowdown in overall online retail.

Financial statements of Flipkart group entities sourced from the Registrar of Companies showed that losses for the core marketplace entity Flipkart Internet, its in-house logistics arm Ekart and online travel portal Cleartrip narrowed by 12-36%…



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Flipkart group companies cut FY25 losses as Myntra stays on profit track



Ecommerce marketplace Flipkart, which is under pressure to focus harder on profitability as it gears up for an initial public offering (IPO) in 2026, saw most of its group entities narrow losses in 2024-25 by cutting back on expenses, although revenue growth was muted amid a slowdown in overall online retail.

Financial statements of Flipkart group entities sourced from the Registrar of Companies showed that losses for the core marketplace entity Flipkart Internet, its in-house logistics arm Ekart and online travel portal Cleartrip narrowed by 12-36%…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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