• Walmart-backed Flipkart India is allocating $30 million to its fintech subsidiary Supermoney, as part of its strategy to enhance offerings in lending and stock broking.
  • This investment marks a significant step in Flipkart’s efforts to diversify its services amidst growing competition in the financial technology sector.
  • The move signals a broader trend among e-commerce platforms to integrate financial services and leverage their customer bases for growth.

Source: bloomberg.com