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Flipkart Secures NBFC License From RBI—Becomes First Indian E-Comm Player to Offer Direct Lending
- Flipkart, the Indian e-commerce company backed by Walmart, was granted a non-bank finance company certificate of registration by the Reserve Bank of India on March 13, 2025.
- This move comes after Flipkart announced in April its plan to shift its holding company’s registration from Singapore to India, aiming to better align with its primary operations and the growth prospects of the Indian economy.
- The new licence enables Flipkart to provide loans straight to customers and sellers via its platform and Super Money fintech app, moving away from its earlier reliance on partnerships with banks and NBFCs.
- Flipkart raised $1 billion led by Walmart in 2024 at a $37 billion valuation, with Walmart holding over 80% stake since acquiring majority control in 2018.
- The licence enables Flipkart to expand digital lending, potentially increasing its growth and platform financing, though launch depends on internal approvals and management appointments.
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19 Articles
19 Articles
The Reserve Bank of India (RBI) has granted Flipkart a non-banking financial company (NBFC) license, which will now allow Flipkart to provide loans directly on its e-commerce platform
Coverage Details
Total News Sources19
Leaning Left0Leaning Right5Center2Last UpdatedBias Distribution71% Right
Bias Distribution
- 71% of the sources lean Right
71% Right
C 29%
R 71%
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