Flipkart Internet, the marketplace subsidiary of Flipkart, recorded revenues of ₹20,493 crore in FY25, reflecting a 14% year-on-year increase. Net losses contracted by 37% to ₹1,494 crore, as per filings with the Registrar of Companies.
The topline growth, however, slowed compared to the 21% rise in FY24, after consistently delivering over 20% growth in the two years before.
The company’s earnings primarily come from marketplace services, logistics, and advertising. In FY25, ad revenue surged 27% to ₹6,317 crore from ₹4,973 crore in the previous year. Marketplace fee collections more than doubled to ₹7,751 crore, up from ₹3,734 crore in FY24. On the other hand, logistics income saw a sharp decline, dropping to ₹4,224 crore from ₹6,838 crore.
Total expenses increased 8% year-on-year to ₹22,311 crore in FY25. Employee benefit costs fell 8% to ₹4,748 crore, while marketing expenditure jumped 37% to ₹4,100 crore, making up nearly 18% of overall spending.
In July, the company completed a $50 million employee stock option (ESOP) buyback, benefiting around 7,000 staff members.
Flipkart, which is headquartered in India, is also in the process of shifting its holding entity from Singapore to India. The Walmart-owned e-commerce giant, valued at about $36 billion, is reportedly gearing up for an initial public offering (IPO) within the next 12–15 months.
