Flipkart India gets Rs 2,839 crore funding from parent company

Flipkart India, the wholesale arm of the Walmart-owned e-commerce marketplace, has received Rs 2,839 crore from its Singapore-based parent, regulatory filings show.
This is the third such fund infusion into the unit this year, taking the total investment to Rs 5,701 crore.
The investment comes at a time when the e-commerce giant is preparing for its last sale of the season — Big Shopping Days.
In January, the investment was about Rs 1,431 crore into the wholesale unit, while in September, Flipkart infused Rs 1,616 crore into the business.
Flipkart India purchases goods in bulk from manufacturers and brands, and sells them to undisclosed B2B partners, or preferred sellers, who in turn list it on the marketplace.