Ltd, one of the largest sellers on Amazon India, reported 26.95% revenue growth in the financial year 2017-2018 compared with the previous year. The total expenditure was ₹7,158.66 crore, due to which the firm incurred a net loss of ₹4.11 crore after tax. Smartphones push salesThe company said that smartphones led the opening day sales with three out of four phones sold in the country being on Amazon.in. Large appliances saw a massive 30 times growth over an average business day, driven by a spike in all key categories such as TVs, refrigerators, washing machines and dishwashers. Amazon Fashion saw its biggest day ever, while consumables saw huge jumps over the previous largest day sales, said the company.

Source: The Hindu October 14, 2018 16:07 UTC