Amazon India sales vault & losses too as it fights for market share with local rivals

Amazon India sales vault & losses too as it fights for market share with local rivals

Image sourced from Amazon website

Online marketplace Amazon India reported a six-fold jump in sales to Rs.1,022 crore even as losses soared to Rs.1,723.6 crore for the year ended 31 March 2015, highlighting both the company’s rapid expansion as well as its heavy spending on discounts, advertising and logistics.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter