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The U.S. arm of Japanese investment firm Orix has agreed to acquire 70% of Hilco and commit $1 billion to its new lending ...
US-based retail giant Walmart is working with suppliers in India to meet its target of sourcing USD 10-billion goods from ...
Flipkart plans to offer loans directly via its e-commerce platform and its fintech app ·Retail Banker International GlobalData Mon, Jun 9, 2025, 7:58 AM2 min read ...
This marks a major shift in India’s digital lending landscape, as Flipkart will now be able to offer loans directly to its customers—a first for an Indian online marketplace.
Flipkart’s move into direct lending is anticipated to enhance its profitability while improving financial services for its extensive user base. The company plans to integrate lending solutions into ...
It’s also doubling down on quick commerce, the sector where speed is the new currency. Through its Flipkart Minutes initiative, the company is aggressively expanding a network of dark stores—adding ...
In January, Flipkart’s rival Amazon India acquired fintech lending startup Axio in an all-cash deal for $200 million, after making a proposal to acquire Axio in December. The move was seen as part of ...
Entrackr had exclusively reported the acquisition in July last year. Flipkart’s last known valuation stood at $37 billion in 2024, following a funding round led by Walmart. The NBFC licence gives ...
Walmart's Flipkart secures approval for direct lending in India, documents show Flipkart, owned by Walmart, has secured a non-bank finance company (NBFC) licence from the Reserve Bank of India ...
Flipkart, in which U.S. retail behemoth Walmart holds a more than 80% stake, applied for the licence in 2022, according to the central bank’s approval letter.
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