Companies from Flipkart and Snapdeal to the hot new start-ups including Grofers (Locodel Solutions Pvt. Ltd) and PepperTap (Nuvo Logistics Pvt. Ltd), these companies and their investors are talking about vast market size and explosive growth in sales number of Internet users. But most likely for the fiscal year ended March, losses at e-commerce companies are expected to soar from the few thousands of crore of rupees reported in the year before. In all likelihood, losses for the ongoing year will also increase significant.
Source : LiveMint
- 29 Sep 2015