Flipkart, in which U.S. retail behemoth Walmart holds a more than 80% stake, applied for the licence in 2022, according to the central bank's approval letter.

Exclusive: Walmart’s Flipkart secures approval for direct lending in India. By Ashwin Manikandan. June 5, 2025 11:26 AM UTC Updated June 5, 2025 Flipkart logo is seen in this ...

In April, Flipkart Internet, the marketplace arm of Flipkart, had received about Rs 3,250 crore from its Singapore-based parent entity. Earlier in May last year, Flipkart raised $350 million from ...

Flipkart has received a lending licence from the Reserve Bank of India (RBI), the Walmart-backed ecommerce company confirmed on Thursday. The nod came in March this year, according to sources.

Flipkart, in which U.S. retail behemoth Walmart holds a more than 80% stake, applied for the licence in 2022, according to the central bank’s approval letter.

Exclusive: Walmart’s Flipkart secures approval for direct lending in India, documents show. By Ashwin Manikandan. June 5, 2025 11:25 AM UTC Updated June 5, 2025 Flipkart logo is ...

Flipkart, in which U.S. retail behemoth Walmart holds a more than 80% stake, applied for the licence in 2022, according to the central bank’s approval letter.

Walmart-owned Flipkart has received a non-bank finance company (NBFC) licence from India’s central bank, allowing it to lend directly to customers and sellers on its platform for the first time.