Flipkart's wholesale arm raises â¹1,000 crore loan
Online e-commerce giant Flipkart's wholesale arm has raised a â¹1,000 crore loan from Axis Bank, according to documents filed with the Ministry of Corporate Affairs. The raised amount comes in addition to the existing loan of â¹375 crore which was raised in August from the same bank. Flipkart also raised an â¹820 crore loan from Kotak Mahindra Bank in 2015.