Flipkart Internet gets $90 million cash infusion from Singapore parent

The cash infusion is expected to help Flipkart in competing with US-based Amazon for leadership in the Indian e-marketplace

Flipkart Internet, the marketplace arm of e-commerce firm Flipkart, has received about $90 million as a fresh infusion from its two Singapore-based entities Flipkart Marketplace Pvt Ltd and Flipkart Private Ltd, a report in the Economic Times (ET) said. Flipkart is owned by Walmart. 

The infusion, which is the first in 2023, was approved on December 29, 2022. The main source of revenue of Flipkart Internet is the commission from the sellers, advertising and other seller services to merchants. In March 2022, Flipkart Marketplace received $550 million from Walmart. 

The cash infusion is expected to help Flipkart in competing with