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India’s Enforcement Directorate has reportedly warned e-commerce giant Flipkart it could be faced with a $1.35bn fine for foreign investment law violations.
Walmart-owned Flipkart is exempting storage and cancellation fees for sellers on its marketplace and providing them with insurance coverage as it seeks to support MSMEs through the ongoing Covid-19-induced challenges in India.
As the year draws to a close, most people will be happy to see the back of it. However, these 29 FinTechs managed to end 2020 on a high by raising funding last week.
Digital payments app PhonePe has reportedly collected a $20m investment from e-commerce giant Flipkart.
India’s e-commerce giant FlipKart will offer its clients cyber insurance policies, which will be underwritten by Bajaj Allianz through a new deal.
India-based digital payments company PhonePe has reportedly collected $28m in a new funding round from e-commerce giant Flipkart.
FinTech company Navi Technologies has raised roughly in $394.2m in a new venture round led by Sachin Bansal, the co-founder of Indian e-commerce giant Flipkart.
PhonePe is partially spinning out from Flipkart and has raised $700m in a round led by Walmart and supported by prior investors.
India-based Acko Technology has reportedly secured $36m in funding, coming just months after it closed a $65m Series C for its auto insurance business.
India-based e-commerce company Flipkart has reportedly invested $65m into its mobile payments app PhonePe.
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