Flipkart Internet posts four-fold rise in FY15 revenues

Flipkart Internet, which runs the consumer-facing portal of India's largest ecommerce business has reported almost four-fold rise in revenue and a 12-fold jump in net worth in fiscal 2015, indicating the unabated growth at the firm and the country's online retail sector. The company posted revenue of Rs 659 crores in the year ended March 31, 2015 compared with Rs 179 crores the previous year, according to a recent filing with the Registrar of Companies. The company had posted a loss of Rs 316 crores in fiscal 2014. Flipkart Internet is a part of Flipkart.