Flipkart to invest $264mn in online grocery business: Report
Homegrown e-commerce platform Flipkart is reportedly planning to invest $264 million in its online grocery business Flipkart Supermart in the next three years. Flipkart plans to expand the service to five to six major cities by the end of 2018. The development comes after the Competition Commission of India (CCI) announced its approval to the $16-billion Walmart-Flipkart deal.