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Flipkart \n Internet, which runs the consumer-facing portal of India’s largest \n ecommerce business, posted a nearly four-time increase in revenue \n and a 12-fold jump in net worth in fiscal 2015, indicating the \n unabated growth at the firm and the country’s online retail sector. \n The company posted revenue of Rs 659 crore in the year ended March \n 31, compared with Rs 179 crore the previous year, according to \n a recent filing with the Registrar of Companies. It didn’t disclose \n the bottom line for fiscal 2014. Flipkart Internet is a part of \n a complex group of companies held by Singapore-based Flipkart.\n It generates revenue from shipping fee, selling commission and \n advertisements. Online retailers regularly disclose the gross \n value of goods sold on the portals, which doesn’t offer an actual \n picture of their financial performance because, often, the sales \n are at a discount as they try to build market. Flipkart Internet \n charges a commission of 4% to 25% of the selling price, depending \n on the category of products, from vendors for using its platform. \n Its net-worth swelled to Rs 4,819 crore from Rs 415 crore a year \n earlier. Net worth, in simpler terms, is the value of assets after \n deducting liabilities and an increase generally indicates better \n financial health. The filing showed that the company raised nearly \n Rs 5,500 crore from its Singaporebased parent, Flipkart Marketplaces, \n during the year. When contacted, a Flipkart spokesperson declined \n to comment. <\/p>\n