India: Flush with funds, Flipkart boosts investments in logistics arm eKart

India: Flush with funds, Flipkart boosts investments in logistics arm eKart

Photo: REUTERS/Abhishek N. Chinnappa

India’s largest online retailer Flipkart, which raised nearly $3 billion in 2017 from investors such as Japan’s SoftBank Group Corp., China’s Tencent Holdings Ltd, eBay Inc. and Microsoft Corp., has invested over $400 million in four separate tranches in its logistics arm eKart over the past four months, according to recent regulatory filings.

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