Walmart invests â¹2,190 cr in Flipkart India arm: Reports
Flipkart's Singapore-based parent entity, controlled by Walmart, has reportedly invested around â¹2,190 crore in its India wholesale subsidiary, Flipkart India Private Limited. The investment was reportedly made on December 4. The Bengaluru-based e-commerce platform has also set a Gross Merchandise Value (GMV) of around â¹1.26 lakh crore by 2020-21 as its next target, reports added.