Flipkart parent invests â¹1,431 crore in India wholesale arm
Flipkart's Singapore-based parent entity, controlled by Walmart, has invested â¹1,431 crore in its India wholesale arm, Flipkart India Private Limited. The wholesale arm had received â¹2,190 crore on December 4, 2018, as per regulatory filings. The investment will reportedly be the third large fund infusion into Flipkart, after Walmart's acquisition deal and investments into the marketplace arm.