Also Read Education finance startup Kuhoo Finance gets NBFC licence Walmart currently holds over 80% stake in Flipkart. It had bought a majority stake in the ecommerce platform back in 2018.

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 ...

Flipkart secures RBI’s NBFC licence, becoming India’s first e-commerce lender. Loans and credit services to launch via Super.Money UPI app.

Flipkart secures NBFC license from RBI—becomes first Indian e-comm player to offer direct lending Flipkart, last valued at $37 billion in 2024 when it raised $1 billion in a funding round led by ...

Investing.com -- Walmart (NYSE:WMT)’s subsidiary, Flipkart, has secured a lending license from the Reserve Bank of India (NSE:BOI) (RBI), the country’s central banking authority, according to ...

Flipkart has secured a crucial NBFC licence from the Reserve Bank of India, potentially enabling the e-commerce giant to offer direct financing options like EMIs to its customers. While ...

However, the company's specific plans on this, now with the NBFC licence, could not be immediately ascertained. Walmart currently holds over 80 per cent stake in Flipkart.