Flipkart Private Ltd. Singapore, an e-commerce marketplace, has invested 2,190 crore rupees ($305 million) into its wholesale business unit, Flipkart India Pvt Ltd.
This is the third fund infusion into a Flipkart company after U.S. retail company Walmart acquired a majority stake in Flipkart earlier this year.
The latest investment in the company takes its total investment to $847.8 million. In September, Flipkart Private Ltd. Singapore invested in it $487 million.
For the financial year 2018, Flipkart India Pvt Ltd. reported a 39 percent rise in revenue to $3 billion from $2.1 billion in the previous fiscal.