Walmart-owned Flipkart’s wholesale arm Flipkart India Private Limited has reported a 12 per cent increase in its FY20 revenues to Rs 34,610 crore from last financial year. Its losses, however, decreased 18 per cent to Rs 3,150 crore in FY20 from FY19 while expenses stood at Rs 37,760 crore, according to the company financials accessed by business intelligence platform Tofler.