Bharat Yatra Card Launch by Flipkart and Pine Labs introduces India’s first unified public transport payment solution under the NCMC framework, supporting Digital India and One Nation One Card initiatives. Flipkart and Pine Labs Launch the “Bharat Yatra Card” for Unified Public Transport Payments A New Era in Seamless Transit Payments In a strategic partnership,…
Flipkart Secures NBFC Licence from RBI: A Strategic Move into Direct Lending Introduction: Flipkart’s Entry into Direct Lending Walmart-owned Flipkart has received approval from the Reserve Bank of India (RBI) to operate as a Non-Banking Financial Company (NBFC). This development allows Flipkart to offer loans directly to customers and sellers on its platform, marking a…
Flipkart-Backed SuperMoney Acquires BharatX to Strengthen Its Growth Strategy Introduction In a significant move in the fintech industry, Flipkart-backed SuperMoney has acquired BharatX, a company specializing in embedded credit services. This acquisition aims to enhance SuperMoney’s reach and capabilities in the digital lending sector, catering to India’s growing need for instant and flexible credit options….
Flipkart and DPIIT Collaborate to Boost India’s Startup Ecosystem Introduction: A Strategic Collaboration to Foster Growth In a significant move to support India’s growing startup ecosystem, Flipkart, a leading e-commerce giant, has partnered with the Department for Promotion of Industry and Internal Trade (DPIIT) to promote and empower startups across the country. This collaboration is…
Alphabet Gets CCI Nod to Invest in Flipkart IntroductionThe Competition Commission of India (CCI) has approved Alphabet Inc.’s proposal to invest in Flipkart, marking a significant collaboration between two global giants. Alphabet, the parent company of Google, aims to strengthen its footprint in India’s burgeoning e-commerce sector by joining hands with Flipkart, one of the…
Google Invests $350 Million in Walmart-Owned Flipkart Investment Details Google has made a significant move by investing $350 million in Flipkart, the Walmart-owned e-commerce giant, as part of a broader $1 billion funding round. This infusion of capital is a strategic step aimed at bolstering Flipkart’s growth and technological advancements, positioning the company favorably for…
