Paytm Mall Lost Nearly Rs 5 Crore Per Day Last Fiscal To Catch Up With Amazon, Flipkart

BloombergQuint reports:
The online retail platform of India's biggest digital-payments brand expended nearly Rs 5 crore a day in the year ended March 2018 to gain market share as it competes with the likes of Amazon.com Inc. and the Walmart-backed Flipkart.Paytm's e-commerce platform, Paytm Mall, swung to huge losses in the twelve months through March 2018, according to filings made with the Registrar of Companies that were reviewed by BloombergQuint. The company reported a net loss and revenue of Rs 1,787 crore and Rs 744 crore, respectively, for the fiscal.
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