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Flipkart’s marketplace business revenue grows 21% to Rs 17,907 crore in FY24, Is it profitable now?

  • Flipkart's marketplace business revenue grew by 21% to Rs 17,907 crore in FY24.
  • The company managed to reduce its losses by 41%, from Rs 4,028 crore to Rs 2,358 crore.
  • Flipkart's advertising revenue surged to nearly Rs 5,000 crore, indicating the success of its ad business.
  • To meet the demand for quick deliveries, Flipkart introduced the 'Flipkart Minutes' quick commerce service.

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