<ul><li>Flipkart Internet, the marketplace arm of Walmart-owned Flipkart, has received Rs 3,248.9 crore in internal funding from its Singapore-based parent entity.</li><li>The funding was raised through a rights issue, with 470,772 equity shares issued at Rs 69,013.7 per share.</li><li>In the fiscal year 2024, Flipkart Internet reported a YoY revenue increase of 21% to Rs 17,907.3 crore, with losses narrowing by 41% to Rs 2,358 crore.</li><li>Flipkart is preparing for an IPO in India within the next 12-15 months and has entered the quick commerce segment with its 'Minutes' service.</li></ul>

Flipkart Internet receives Rs 3,249 crore infusion from Singapore parent

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