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Walmart-owned Flipkart invests Rs 2,839 crore in India wholesale entity

The investment comes at a time when the government is coming up with National E-Commerce Policy

Topics
Flipkart | Walmart | e-commerce policy

Peerzada Abrar  |  Bengaluru 



While the two firms had become compliant with the norms, sales had gone down by 25-30% and backend logistics have taken a serious hit too

India, the wholesale entity of the Walmart-backed e-commerce company, has received Rs 2,838.84 crore from its Singapore-based parent entity, . The investment comes at a time when the government is coming up with National that could have a huge impact on online retailers such as and Amazon.

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First Published: Tue, December 03 2019. 23:07 IST

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