Flipkart puts Rs 1,431 crore in wholesale arm

Two weeks after the government issued a circular on FDI in e-commerce restricting the role of marketplaces, Flipkart's Singapore parent infused Rs 1,431 crore in its wholesale arm here. The wholesale arm, Flipkart India, buys products in bulk and then sells it to a bunch of sellers who in turn list it on Flipkart’s marketplace.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2DfOfQX

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