Flipkart’s NBFC Booster Shot

It’s the first ecommerce marketplace in India to go this way, and Flipkart’s entry could open up an NBFC rush

More than a year ago, when we unpacked Flipkart’s fintech ambitions, we never expected this new vertical to become the focal point for Flipkart. But now, with an NBFC licence, the ecommerce giant is about to enter a new era.

This is not just about enabling loans for its marketplace users (consumers and sellers) as an RBI-regulated lender – Flipkart can lend to other digital lending apps too. It’s…