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Flipkart invests ₹4,472 crore in its wholesale arm

E-commerce giant Flipkart has invested about ₹4,472 cr in its wholesale arm Flipkart India Private Limited. This amount makes the investment the single largest investment by Flipkart in its units in the past few years. Also, this investment is significantly larger (6 times) the investment made by its rival Amazon so far into its wholesale arm. According to filings, the investment was made from Flipkart’s Singapore entity.