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Flipkart India receives Rs 2,190 Cr; leadership reshuffles: report

Flipkart infused Rs 2,190 crore into its wholesale arm Flipkart India early this month, reports the Economic Times citing regulatory filings. The funding came in on December 4. Earlier in March, Flipkart India had received a funding of Rs 4.472 crore from Flipkart Singapore. American e-commerce giant Walmart acquired Flipkart in August in a $16 billion deal. This year alone, Flipkart's entities have received several rounds of funding: September 2018: Flipkart Singapore invested Rs 3,463 crore in Flipkart Internet ahead of the annual Big Billion Days sale. March 2018: Flipkart Singapore invested Rs 4,472 into Flipkart India January 2018: Flipkart invested Rs 1,632.8 crore into its logistics arm eKart Note that the funding comes just days after Amazon India received Rs 2,200 crore in funding from Amazon Corporate Holdings and Amazon.com. Moves at Flipkart Flipkart is rejigging its top deck,…

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