E-commerce company Snapdeal has managed to cut down its loss to Rs 160.38 crore in FY24 from Rs 282.20 crore in FY23. The employee benefits expenditure of the company in FY24 declined by 48.5 per cent on YoY (year-on-year) basis to Rs 158.4 crore. It was Rs 307.53 crore in FY23. During this period, the company’s advertising expenditure was reduced by 23.5 per cent on YoY basis to Rs 70.37 crore.