Flipkart Internet Receives INR 533 Cr From Singapore Parent

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SUMMARY

Flipkart Marketplace and its step-down subsidiary Quickroutes International infused the funds in Flipkart Internet

This comes less than a month after Flipkart, through its Singapore holding company, infused INR 3,248.9 Cr in its Indian marketplace entity

Earlier this week, the ecommerce giant announced its intention to relocate its base to India from Singapore ahead of its potential IPO

Flipkart Internet, the marketplace arm of Walmart-owned Flipkart, has secured INR 533 Cr (around $62 Mn) funding from its…



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Flipkart Internet Receives INR 533 Cr From Singapore Parent


SUMMARY

Flipkart Marketplace and its step-down subsidiary Quickroutes International infused the funds in Flipkart Internet

This comes less than a month after Flipkart, through its Singapore holding company, infused INR 3,248.9 Cr in its Indian marketplace entity

Earlier this week, the ecommerce giant announced its intention to relocate its base to India from Singapore ahead of its potential IPO

Flipkart Internet, the marketplace arm of Walmart-owned Flipkart, has secured INR 533 Cr (around $62 Mn) funding from its…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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