Tag: Flipkart

India’s Enforcement Directorate warns Flipkart of potential $1.3bn fine

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.

Flipkart to cover entire premium towards Covid-19 insurance for its sellers

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.

These 29 FinTech companies ended 2020 on a high and with...

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.

PhonePe bags investment from Flipkart just days after its partial spinout

Digital payments app PhonePe has reportedly collected a $20m investment from e-commerce giant Flipkart.

FlipKart to offer cyber insurance to its clients through new partnership...

India’s e-commerce giant FlipKart will offer its clients cyber insurance policies, which will be underwritten by Bajaj Allianz through a new deal.

Payments startup PhonePe said to raise $28m in funding

India-based digital payments company PhonePe has reportedly collected $28m in a new funding round from e-commerce giant Flipkart.

Navi Technologies raises new round worth over $394.2m led by Flipkart’s...

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 partially spins out of Flipkart and raises $700m

PhonePe is partially spinning out from Flipkart and has raised $700m in a round led by Walmart and supported by prior investors.

Acko Technology said to raise $36m in new round of funding

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.

Flipkart said to invest $65m into mobile payments app PhonePe

India-based e-commerce company Flipkart has reportedly invested $65m into its mobile payments app PhonePe.

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