49 e-commerce cos including Amazon India, Flipkart report over Rs 16,000 crore in losses; BookMyShow, Jabong, Olx India book profit
About 49 e-commerce companies in india have recorded over Rs 16,000 crore losses for the year to March 2015 on account of slowing economic growth, demonetisation, others.
The e-commerce companies across sectors like fashion/accessories, fintech, food/grocery, auto and travel have reported losses till December 31, 2015. Representational Image. Image Source: Pixabay