Flipkart has invested about $553 million into its marketplace and has pumped another $143 million into its healthcare unit Flipkart Health. With this investment, it takes the total cash infusion by Flipkart into the two entities, i.e. Flipkart Marketplace Private Limited and Flipkart Health Private Limited, to around $700 million.
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The fresh capital is being utilised when Flipkart is scaling many of its new businesses like epharmacy, travel, the social commerce platform Shopsy and its grocery business. The investments in Flipkart Marketplace and Flipkart Health are directed via Flipkart Private Ltd. Flipkart Group CEO Kalyan Krishnamurthy had said in an interview, “Shopsy, grocery, travel and healthcare, these are big, and we made massive investments. We want to get these to the next level of growth and pull in customer adoption in the next 12-18 months.”
