Flipkart Wholesale serves over 1.5 million members across the country, which include kiranas/retailers, HoReCa (hotels, restaurants, and cafeterias), and O&I (offices and institutions).
This round of funding was accompanied by investments from sovereign funds DisruptAD, Qatar Investment Authority, Khazanah Nasional Berhad, and marquee investors Tencent, Willoughby Capital, Antara Capital, Franklin Templeton and Tiger Global.
. During the meeting, the CM was apprised that the land allotted at price of Rs 3.22 Crore per acre to Instakart services private limited (a Flipkart group company) will not only give impetus to further investments in the region but would further boost market access opportunities for lakhs of sellers from Haryana and north India.
The number of shoppers during the first week jumped from 28 million last year to 52 million this year which is 85 per cent (y-o-y) growth.
ABFRL said it plans to use this capital to strengthen its balance sheet and accelerate its growth trajectory.
