new delhi amazon seller services the india unit of us etail giant amazon saw its losses widening to rs 48306 crore for 201617 fiscal from the previous year as the company ramped up investments in the country to compete aggressively against homegrown rival flipkartamazon seller services had recorded a net loss of rs 36799 crore in 201516 as per regulatory documents filed with the corporate affairs ministrythe company attributed the increase in net loss to investments made towards establishing infrastructure opening new fulfilment centres and technology advancementsamazon seller services however saw its revenue rising 43 per cent to rs 32566 crore in the year ended march 2017 from rs 2276 crore in the previous financial year advt the company is also investing on launching new products and new services for its customer and its sellers the company is confident on its future growth the documents sourced from research firm tofler showedwhen contacted amazon did not respond to an emailed queryincorporated in 2010 amazon seller services renders services like marketing support marketplace services and in wholesale trading of book readers along with accessoriesrival flipkart flipkart internet which also submitted its financial documents has managed to narrow its losses to rs 16386 crore in financial year 201617 as against a net loss of rs 23065 crore in the previous fiscalthe company attributed the reduction in net loss which was to the extent of 2896 per cent to lower logistics storage services and collection charges as well as decline in other expenses also flipkart internet grew its total income by 1546 per cent to rs 22535 crore in financial year 201617 from rs 19517 crore in the previous financial yearamazon which is locked in an intense battle with flipkart for market leadership in the indian market has been pumping in substantial funds to expand infrastructure and add solutions to enhance consumer and seller experiencewith retail giant walmart buying about 77 per cent stake in flipkart for roughly usd 16 billion the battle is expected to intensify further advt amazon has been infusing funds into its various entities in india including amazon pay marketplace and wholesale business these investments have been directed towards building warehouses strengthening logistics and increasing product assortmentamazon founder jeff bezos has committed investments to the tune of usd 5 billion for the indian marketduring a recent investor call amazon cfo brian olsavsky had said the company would continue to invest in india as it sees great progress with both sellers and customers here even though as the parent entity had registered a loss of usd 622 million from international operations in the first quarter of 2018the company is also investing significant money in marketing and promotions as it looks to bring more consumers to its online shopping platform pti published on jun 1 2018 at 0758 am ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below