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Amazon India Marketplace’s loss widens 33% to INR 4,854 Cr in FY23

Amazon India Marketplace’s loss widens 33% to INR 4,854 Cr in FY23

Amazon Seller Services, the marketplace business of Amazon India, reported a 33% increase in standalone net loss for FY23, widening to INR 4,854.1 Crore from INR 3,649.2 Crore in the previous year. Operating revenue, however, only saw a marginal growth of 3.4% to INR 22,198 Crore. The company's total expenses increased by 7.9% to INR 27,283.6 Crore, with delivery charges comprising over 25% of the expenses. The marketplace faces competition from Flipkart, Tata, Reliance, Meesho, and Nykaa in the Indian ecommerce market.

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