Snapdeal cuts losses by 71% to Rs 186 cr in FY18-19
Posted On : Wednesday, July 17, 2019, 11:04 AM
Homegrown e-commerce marketplace, Snapdeal, has significantly cut its losses by 71 percent to Rs 186 crores in the financial year 2018-19, as compared to losses of Rs 611 crore it posted in the previous fiscal, the company said in a regulatory filing. As per regulatory documents filed by Snapdeal, its consolidated revenues grew to Rs 925.3 cr in 2018-19 as compared to Rs 535.9 cr in 2017-18, marking a sharp increase of nearly 73% in a 12-month period, the company said. The revenue from operations saw a year-on-year jump of 87% to Rs 813.8 cr from Rs 436.1 cr.