<ul><li>Flipkart Internet, the marketplace arm of Walmart-owned Flipkart, has raised Rs 3,248.9 crore in internal funding from its Singapore-based parent company.</li><li>The funding was raised through a rights issue, with the company's board allotting 470,772 equity shares at Rs 69,013.70 apiece to Flipkart Marketplace Private Limited.</li><li>Flipkart Internet reported a revenue of Rs 17,907.3 crore in FY24, with a year-on-year growth of nearly 21%, and its losses narrowed by 41% to Rs 2,358 crore from the previous year.</li><li>Flipkart is actively exploring listing opportunities for an IPO in India within the next 12 to 15 months and has been expanding into the quick commerce segment through its 'Minutes' service.</li></ul>

Flipkart Internet gets Rs 3,249 crore from its Singapore parent company

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