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 ...

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.

According to Tracxn, Flipkart has raised total equity funding of $12.1 billion so far and its annual revenue as on March 31, 2024 stood at Rs 70,800 crore ($8.56 bn).

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 ...

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.

(Reuters) -Walmart's Flipkart has secured a lending licence from the Indian central bank and banking regulator, enabling it to offer loans directly to customers and sellers on its platform, a ...