WS Retail, one of the largest sellers on and contributors to Flipkart's revenue, has pulled out of the e-commerce platform, reports the Times of India. Flipkart had reportedly reduced its dependency on the retail arm because the latter had trouble sustaining operating. The report adds that WS Retail used to contribute to 30-40% of Flipkart's overall sales, but its revenues had declined 67% in FY 2017, while the losses increased to Rs 24 crore. WS Retail was formed in 2009 and was a wholly owned subsidiary of Flipkart Online Services as a way to work around the country's FDI rules. It seems that Flipkart took steps to reduce this dependency on the retailer by diversifying its seller base and reducing employee, transportation and freight costs in 2017. There's a distinct possibility that Flipkart also broke up WS Retail into a cluster of…
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