Home / Knowledge / News / Apparel/Garments / Revenue rises 400% in FY15 at Snapdeal
Revenue rises 400% in FY15 at Snapdeal
21
Jan '16
Snapdeal, an India based e-commerce giant, reported a rise of 400 per cent in its revenue in fiscal 2015, ending on March 31, 2015 to Rs 937.69 crore as compared to Rs 168.16 crore in the fiscal 2014, according to a statement filed by Snapdeal with the registrar of companies.

The e-commerce company reported loss of Rs 1319.29 crore in fiscal 2015 as compared to loss of Rs 264.62 crore in fiscal 2014, a rise of almost 398 per cent.

Its total expenses in the fiscal 2015 rose to Rs 2256.97 crore, a rise of almost 415 per cent as compared to Rs 432.78 crore in the prior year. Almost half of the total expenditure at Snapdeal was incurred on advertising.

The losses are mainly a result of overspending on advertisement, according to analysts. Major chunk of Snapdeal's total revenue comes from tier 1 and tier 2 cities. (MCJ)

Fibre2Fashion News Desk - India

Must ReadView All

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Textiles | On 27th May 2017

Indian exports can touch $325 bn in 2017-18: FIEO

Indian exports are on upward trend in last few months as the country...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search