Flipkart invests Rs 22 billion more in wholesale subsidiary in India

Flipkart has bagged a fund infusion of Rs 21.9 billion (approximately $300 million) for its wholesale arm in India, the second large cash infusion made by the Singapore-based firm since investments from the US retail giant.

According to documents filed with the Registrar of Companies, which were sourced from business intelligence platform Paper.vc, the investment was made by Flipkart Private Limited, Singapore, into Flipkart India Private Limited.

Flipkart’s parent entity had infused Rs 34.6 billion into Flipkart Internet, the marketplace unit, in September, ahead of its Big Billion Days sale. It had also invested Rs 4.5 billion in PhonePe in July, which