Flipkart has invested about $553 million into its marketplace and has pumped another $143 million into its healthcare unit Flipkart Health. With this investment, it takes the total cash infusion by Flipkart into the two entities, i.e. Flipkart Marketplace Private Limited and Flipkart Health Private Limited, to around $700 million.
- Supriya Lifescience Falls 12% on NDPS Act Proceedings
- Radico Hits Record High as Magic Moments Sales Soar 43%
- GK Energy Rallies on Rs 235.92 Crore Solar Pump Order
- Cupid Hits Fresh 52-Week High on Rs 128 Crore Block Deal
- Ather Energy Slips Despite $200 Million Fundraise Buzz
The fresh capital is being utilised when Flipkart is scaling many of its new businesses like epharmacy, travel, the social commerce platform Shopsy and its grocery business. The investments in Flipkart Marketplace and Flipkart Health are directed via Flipkart Private Ltd. Flipkart Group CEO Kalyan Krishnamurthy had said in an interview, βShopsy, grocery, travel and healthcare, these are big, and we made massive investments. We want to get these to the next level of growth and pull in customer adoption in the next 12-18 months.β
Live
