Funding
Flipkart Internet receives Rs 3,249 crore infusion from Singapore parent
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Flipkart Internet, the marketplace arm of Walmart-owned Flipkart, has secured Rs 3,248.9 crore in internal funding from its Singapore-based parent entity, according to regulatory filings with the Registrar of Companies (RoC).
The Flipkart board issued 470,772 equity shares at Rs 69,013.7 per share on a rights issue basis, raising the funds from Flipkart Marketplace Private Limited in Singapore.
This comes after the Singapore holding company infused Rs 1,421 crore into Flipkart Internet in two tranches in March and April last year. Earlier, in January…
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