India, April 3 -- Walmart-owned ecommerce giant Flipkart, through its Singapore holding company, has infused INR 3,248.9 Cr (around $379 Mn) in its marketplace arm, Flipkart Internet, according to filings sourced from the Registrar of Companies (RoC).

Flipkart's board approved the allotment of 4,70,772 Class A equity shares at an issue price of INR 69,014.17 each on a rights basis to raise the sum from Flipkart Marketplace Private Limited, Singapore.

It is pertinent to mention that this is an internal cash transfer and not fresh funding at a parent level.

However, this is the third major fund infusion received by Flipkart Internet from its Singapore-based parent company in less than a year. In January 2024, the company received $111 Mn...