Flipkart Singapore Parent Infuses INR 3,249 Cr In Marketplace Arm

SUMMARY Walmart-owned Flipkart, through its Singapore holding company, has infused INR 3,248.9 Cr (around $379 Mn) in its marketplace arm, Flipkart Internet Flipkart Internet’s revenue jumped 21% YoY to 17,907.3 Cr in FY24, while its losses narrowed 41% to INR 2,358 Cr This comes amid reports that Flipkart is gearing up for an IPO in [...]

Walmart-owned Flipkart, through its Singapore holding company, has infused INR 3,248.9 Cr (around $379 Mn) in its marketplace arm, Flipkart Internet Flipkart Internet’s revenue jumped 21% YoY to 17,907.3 Cr in FY24, while its losses narrowed 41% to INR 2,358 Cr This comes amid reports that Flipkart is gearing up for an IPO in the next 12-15 months; its rivals Amazon and Meesho are also stitching up IPO plans Walmart-owned ecommerce giant Flipkart, through its Singapore holding company, has infused INR 3,248.

9 Cr...

Source link Walmart-owned Flipkart, through its Singapore holding company, has infused INR 3,248.9 Cr (around $379 Mn) in its marketplace arm, Flipkart Internet Flipkart Internet’s revenue jumped 21% YoY to 17,907.3 Cr in FY24, while its losses narrowed 41% to INR 2,358 Cr This comes amid reports that Flipkart is gearing up for an IPO in the next 12-15 months; its rivals Amazon and Meesho are also stitching up IPO plans Walmart-owned ecommerce giant Flipkart, through its Singapore holding company, has infused INR 3,248.

9 Cr...

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