Exclusive: Walmart’s Flipkart secures approval for direct lending in India. By Ashwin Manikandan. June 5, 2025 11:26 AM UTC Updated June 5, 2025 Flipkart logo is seen in this ...

Flipkart, in which U.S. retail behemoth Walmart holds a more than 80% stake, applied for the licence in 2022, according to the central bank's approval letter.

In April, Flipkart Internet, the marketplace arm of Flipkart, had received about Rs 3,250 crore from its Singapore-based parent entity. Earlier in May last year, Flipkart raised $350 million from ...

This marks a major shift in India’s digital lending landscape, as Flipkart will now be able to offer loans directly to its customers—a first for an Indian online marketplace.

Flipkart has received a lending licence from the Reserve Bank of India (RBI), the Walmart-backed ecommerce company confirmed on Thursday. The nod came in March this year, according to sources.

Exclusive: Walmart’s Flipkart secures approval for direct lending in India, documents show. By Ashwin Manikandan. June 5, 2025 11:25 AM UTC Updated June 5, 2025 Flipkart logo is ...

Flipkart, in which U.S. retail behemoth Walmart holds a more than 80% stake, applied for the licence in 2022, according to the central bank’s approval letter.

Flipkart, in which U.S. retail behemoth Walmart holds a more than 80% stake, applied for the licence in 2022, according to the central bank’s approval letter.

Walmart-owned Flipkart has received a non-bank finance company (NBFC) licence from India’s central bank, allowing it to lend directly to customers and sellers on its platform for the first time.