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.

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.

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 International CEO Kathryn McLay has said that the retail giant’s India ecommerce arm, Flipkart, will not prioritise profitability over market share and future growth. “We’re excited ...

Walmart Inc. ’s WMT global strategy relies heavily on its investments in key markets like China and India, with Flipkart leading its e-commerce and advertising initiatives.

Launched in July 2024, Super.money has grown into India’s fifth-largest UPI payments app ahead of established players such as BHIM, WhatsApp Pay, Cred and Amazon Pay ...