India, April 23 -- Flipkart Internet, the marketplace arm of Walmart-owned Flipkart, has secured INR 533 Cr (around $62 Mn) funding from its Singapore-based parent entity Flipkart Marketplace Private Limited and its step-down subsidiary Quickroutes International Private Limited.

The ecommerce giant's board issued 76,179 equity shares at INR 69,966.28 per share on a rights issue basis to raise the funds from Flipkart Marketplace and Quickroutes International in Singapore, according to the company's regulatory filings with the Registrar of Companies (RoC).

Flipkart did not respond to Inc42's queries on the development till the time of publishing this story.

This is the second major fund infusion in Flipkart Internet from its Singapore-ba...