Revenue of Flipkart Marketplace Arm Grows by 21% YoY
Introduction– Revenue Grows by 21% YoY
Flipkart’s marketplace revenue grows by 21% YoY or year-on-year. This impressive increase comes despite marketplace fees remaining unchanged from last year. To further expand, Flipkart has beefed up its strategies and expanded its revenue streams.
Collection Services Drive Revenue Growth
The income from the marketplace fee of Flipkart remained constant at INR 3,734.2 Cr. And the revenue from collections services went up. Collection services increased their income from INR 1,114.3 Cr to INR 1,225.8 Cr. These enhancements served to increase the overall revenues when the organisation operating birr was in a competitive environment.
Support from Singapore Parent Company
In 2024, Flipkart’s Singapore-based parent company provided a total of INR 1,421 Cr or around $170 million as financial help. The cash transfer was divided into two tranches with subsequent instalments made in March as well as in April. Singapore-related entities have invested roughly $281 million in Flipkart Internet till now this fiscal year. This funding will enable Flipkart to hold some ground against some new players in commerce, quick commerce.
Quick Commerce Expansion with “Flipkart Minutes“
To meet the increasing demand for quicker deliveries, Flipkart introduced a service called, the “Flipkart Minutes.” This quick commerce is led by Hemant Badri, Senior Vice President as well as Head of Supply Chain at the company. About the current developments, sources indicate that Flipkart would likely open several dark stores in India before the next round of festivities.
Conclusion– Revenue Grows by 21% YoY
Flipkart has shown good growth in its operating revenue in the Financial Year 2022-23. Where it has shown an operating revenue growth by 42% in the Financial Year 2022-23 operating revenue INR 14,845.8 Cr. However, the company has improved its financial solidity against the previous year’s losses. The strategies for its growth and new services incorporated into the platform by Flipkart effectively serve to ensure it sustains its position in the competitive Indian e-commerce market.
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