Walmart also aims to take the 17-year-old company public. Walmart bought a controlling stake in Flipkart in 2018, which also gave it ownership of PhonePe, a fintech firm also preparing for an IPO.

Flipkart's new lending license in India allows Walmart's majority-owned e-commerce platform to make loans to its customers and to marketplace sellers.

Walmart Inc.’s WMT global strategy relies heavily on its investments in key markets like China and India, with Flipkart ...

With this, Flipkart has also become India’s first ecommerce company to fetch an NBFC licence. Notably, the Walmart-backed company applied for the NBFC licence in 2022, the report added.

Walmart stock ($WMT) was looking shabbier today after a financial crime investigation into its fashion business Myntra Designs in India. Wholesale ...

Flipkart India Pvt., the e-commerce giant owned by Walmart Inc., is using social videos and livestreams to convert young consumers spending a lot of time on their smartphones into loyal customers.

However, Walmart International's operating income, in constant currency terms, declined 6.4% YoY to $1.4 Bn on the back of “strategic growth investments for Flipkart, Walmex, and Canada” ...

India's financial crime agency said on Wednesday an investigation had found that Walmart's fashion business Myntra Designs breached laws prohibiting foreign wholesalers from selling to consumers.