This is Flipkart's first major ESOP buyback since 2023, when it completed a USD 700 million programme for current and former employees.

The latest Esop buyback, worth $50 million, will benefit about 7,500 staff. To date, the ecommerce leader, which is moving ...

Flipkart India Pvt., the e-commerce giant owned by Walmart Inc., is using social videos and livestreams to convert young consumers spending a lot of time on their smartphones into loyal customers.

Flipkart's new lending license in India allows Walmart's majority-owned e-commerce platform to make loans to its customers and to marketplace sellers.

Walmart CFO, John David Rainey, says Flipkart is seeing strong growth despite bottom-line pressure. He is also is bullish about PhonePe's public debut.

Walmart's Flipkart has obtained a lending licence from the Reserve Bank of India (RBI), allowing the e-commerce platform to provide loans directly to its customers and sellers.

Flipkart’s last known valuation stood at $37 billion in 2024, following a funding round led by Walmart. The NBFC licence gives Flipkart direct access to lending activities, placing it deeper into the ...

Walmart's Flipkart has received a lending licence from the Reserve Bank of India, enabling it to offer loans directly to customers and sellers on its platform. This marks the first time the ...

Walmart acquired a majority stake in Flipkart in 2018 at a deal worth $16 billion. Boosting Profitability and Financial Services Flipkart’s move into direct lending is anticipated to enhance its ...