SoftBank-backed Snapdeal boosts revenue, cuts losses by 71% in FY19

SoftBank-backed Snapdeal boosts revenue, cuts losses by 71% in FY19

An employee cleans a Snapdeal logo at its headquarters in Gurugram on the outskirts of New Delhi, India, April 3, 2017. REUTERS/Adnan Abidi

SoftBank-backed Indian e-commerce player Snapdeal on Tuesday announced that it has significantly increased revenues and cut down on losses after sailing through turbulent times in the past months.