Flipkart's parent entity invests Rs 48.4 bn into two India units

To take on Amazon head on, the investments have been made in Flipkart India and Flipkart Internet

The Singapore-based holding company of India’s largest e-commerce marketplace Flipkart has infused Rs 48.4 billion into two of its largest India entities as it plans to step up its investments in the country to stay ahead of rival Amazon.

Flipkart Limited, which is based in Singapore, has infused Rs 44.7 billion into the marketplace unit Flipkart India. Flipkart Marketplace, another Singapore-based entity, has invested Rs 3.7 billion into Flipkart Internet, which runs the company’s retail platform.

Both the investments, which were received in early February were disclosed to the Registrar of Companies (RoC) this week, the documents for which were