Amazon Seller Services cuts net loss by 28% in FY24

Amazon Seller Services, the marketplace arm of the ecommerce giant, reported a 14% year-on-year increase in its operating revenue for fiscal 2024 at Rs 25,406 crore.

Meanwhile, it reduced its net loss during the year by 28% on year to Rs 3,469 crore, according to financial statements sourced from Tofler.

The company’s revenue growth during the year picked up after it reported only 3% growth in FY23.

Earlier, ET had reported that Flipkart Internet, the marketplace unit of the Walmart-owned retailer posted revenue growth of 21% in FY24.

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