DBT Bureau
Bengaluru, 11 November 2024
Amazon Seller Services, the Indian marketplace platform of Amazon narrowed its losses by 28% during last financial year to Rs 3,469 crore, while its revenue increased 14% to Rs 25,406 crore.
During FY24, the company’s total expenses came at Rs 29,062 crore. Other major costs were depreciation, depletion, and amortisation expenses of Rs 3,140.6 crore, advertising and sales promotion cost of Rs 3,586 crore; and transportation and distribution expenses of Rs 7,488 crore.
Amazon Seller Services generates revenue from third-party seller services, subscription services including Amazon Prime, and marketplace-related services, which are thorough advertising services. The company also provides marketing support services to related parties.
Earlier, Flipkart Internet, the marketplace arm of Flipkart, reported revenues of Rs 17,907.3 crore for 2023-24, up nearly 21% year-on-year, while its losses fell 41% to Rs 2,358 crore, according to regulatory filings sourced from business intelligence platform Tofler. Flipkart Internet generated nearly Rs 5,000 crore in FY24 from advertising, up from Rs 3,324.7 crore in the previous year.
