E-commerce competition in India
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Flipkart gets Rs 9.24 billion investment from Singaporean affiliate to strengthen market competitiveness against Amazon
Recent reports indicate that Flipkart Internet, which is an offshoot of Walmart's e-commerce platform Flipkart, has secured a huge investment of INR 9.24 billion, which is equivalent to about $111 million, from its Singapore-registered related company. This capital infusion was made on January 8 this year and, according to Apple's filings with the Registrar of Companies in India, it came after Singapore-affiliated entities decided on December 20 and December 22 last year to offer Flipkart...