Flipkart firms up plans to comply with India's new e-commerce FDI norms

Flipkart firms up plans to comply with India's new e-commerce FDI norms

Photo: Mint

India’s largest e-commerce firm Flipkart has identified at least four large seller entities that will help it comply with two potentially troublesome foreign direct investment (FDI) regulations on offering discounts and capping a single seller’s contribution to overall revenues at 25 per cent, according to three people familiar with the matter and official documents.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter