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 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.

Walmart-owned Flipkart's subsidiary has received a license to operate as a non-bank financial company from the Reserve Bank of India. The license has been granted to Flipkart Finance Pvt., a ...

More than a year ago, when we unpacked Flipkart’s fintech ambitions, we never expected this new vertical to become the focal point for Flipkart. But now, with an NBFC licence, the ecommerce ...

According to Tracxn, Flipkart has raised total equity funding of $12.1 billion so far and its annual revenue as on March 31, 2024 stood at Rs 70,800 crore ($8.56 bn).