[Updated] Walmart infuses nearly $600m into Indian e-commerce major Flipkart

[Updated] Walmart infuses nearly $600m into Indian e-commerce major Flipkart

REUTERS/Abhishek N. Chinnappa

Indian e-commerce major Flipkart has received $598.7 million in investment from its parent company, Walmart, according to regulatory filings, marking the US retail giant’s first direct investment in the firm this year.

Edited by: Padma Priya