‘Flipkart posts $6 bn revenue in 2018-19’

Bengaluru, Nov 1 (IANS) World’s retail giant Walmart’s Indian e-tailor arm Flipkart posted $6-billion (Rs 42,600 crore) revenue, business intelligence platform paper.vc said on Friday.”The Singapore holding company of Indian e-commerce platform Flipkart filed its annual financial statement on Thursday.

“The financials reveal how the e-tailer has performed after Walmart acquired 77 per cent of its equity stake in August 2018 for $16 billion (Rs 1,07,662 crore),” Chennai-based financial data platform paper.vc told IANS in an e-mail statement.

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