Flipkart, India's leading e-commerce giant, is gearing up for a landmark IPO within the next 12-15 months. The Walmart-owned company has initiated the process by shifting its domicile to India ...

Flipkart’s revenue grew to Rs 19,855 crore as losses touched Rs 8,770 crore in 2017. It now manages 80 lakh shipments a month for 10,000 sellers and 100 million registered users.

Flipkart adds UPI to cart Currently available for Android smartphone users via the Flipkart app, customers can create a new UPI ID for fund transfers and in-app payments.

It would be interesting to see how Flipkart’s fintech play blooms as it becomes India’s first ecommerce platform with an NBFC licence.

In the last year, despite an uncertainty over the team-lead, Flipkart successfully cracked a number of deals such as $4 Bn fundraise from Microsoft, Tencent, eBay and SoftBank.

By Reuters July 7, 20172:48 AM UTCUpdated ago - Source link: (bit.ly/2uw4W41) - Note: Reuters has not verified this story and does not vouch for its accuracy ...