Flipkart Internet Secures ₹533 Crore Ahead of Anticipated IPO Plans
As per media reports, Flipkart Internet—the marketplace arm of Walmart-owned Flipkart—has received a fresh capital infusion of ₹533 crore (US$62 million) from its Singapore-based parent entities. Strategic Funding from Global Parent Companies According to recent regulatory filings with the Registrar of Companies (RoC), the capital was raised through a rights issue, with 76,179 equity shares … Read more