Flipkart parent invests $201m into Indian wholesale unit

Photo: Reuters

Flipkart’s Singapore-incorporated parent company has infused Rs 1,431 crore ($201 million) into its Indian wholesale entity, amidst an expensive market-share battle against arch-rival Amazon India and a regulatory tussle with the government, which has come out with new foreign direct investment (FDI) rules for e-commerce firms that threaten to upend India’s $18-billion online retail market.

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