ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

Amazon said to edge past Flipkart in India e-commerce market amid mounting losses

Barclays estimates Amazon's gross merchandise volume at $7.5 billion last year

Flipkart continued to lead with a revenue of $3.8 billion in the year ended in March, compared with Amazon’s $3.2 billion.   © Reuters

MUMBAI (NewsRise) -- topped India's e-commerce market last financial year, selling more merchandise than its local rival Flipkart Internet, Barclays said, even as concerns deepen about mounting losses at the two companies locked in a high-stakes battle for market share.

According to Barclays, Amazon clocked $7.5 billion in gross merchandise volume in the year ended in March, compared with $6.2 billion at Flipkart. The figures of Flipkart exclude its fashion arms Myntra and Jabong. When these units are included, the companies stood neck-and-neck in their sales volumes.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more