Flipkart group companies cut FY25 losses as Myntra stays on profit track

Ecommerce marketplace Flipkart, which is under pressure to focus harder on profitability as it gears up for an initial public offering (IPO) in 2026, saw most of its group entities narrow losses in 2024-25 by cutting back on expenses, although revenue growth was muted amid a slowdown in overall online retail.

Financial statements of Flipkart group entities sourced from the Registrar of Companies showed that losses for the core marketplace entity Flipkart Internet, its in-house logistics arm Ekart and online travel portal Cleartrip narrowed by 12-36%…