flipkart internet

Flipkart Internet, the marketplace arm of Walmart-owned ecommerce firm Flipkart, received a cash infusion of about Rs 924 crore ($111 million) in two parts from its related entities based in Singapore in January, regulatory filings with the Registrar of Companies (ROC) showed. Flipkart has a number of units in India that run a variety of businesses like logistics and the ecommerce marketplace. The fresh capital came from the firm’s related Singapore-based entities on January 8 this year. Two resolutions to infuse capital…

E-commerce major Flipkart's losses widened to over Rs. 7,800 crore in the financial year 2021-22 based on performance of its business-to-business unit Flipkart India and B2C e-commerce unit Flipkart Internet, according to regulatory filings.According to filings, the combined loss of both entities stood at Rs. 5,352 crore in the financial year 2020-21.Flipkart Internet, comprising online business-to-consumer platforms, has reported widening of loss to Rs. 4,399 crore in FY22 from Rs. 2,907 crore in FY21.This includes the…