Walmart-Owned Flipkart Raises $3.6B to Fund Next Stage of Growth in India
Retail TouchPoints
JULY 12, 2021
The Flipkart Group includes ecommerce marketplace Flipkart , digital fashion destination Myantra , Flipkart Wholesale , online travel company Cleartrip and a majority stake in the payments app PhonePe. Brick-and-mortar dominates the retail scene, with ecommerce projected to account for just 7% of sales this year, up from 3% in 2017.
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