Flipkart Internet gets over â¹3,462 cr from Singapore entity
Flipkart Internet, the online marketplace unit of the Walmart-backed company, has received over â¹3,462 crore from Singapore-based entity Flipkart Marketplace, as per filings. The funding, which will take place in two tranches, is the first large cash infusion into Flipkart after Walmart announced the acquisition of a 77% stake in the company. The deal was pegged at $16 billion.