Startups Technology

Exclusive: Flipkart may look at bank loans as it battles cash crunch

17 Jun, 2016

flipkartFaced with the steady march of its global rival Amazon on its home turf, ecommerce marketplace Flipkart is now turning to debt financing even as equity infusion looks remotely possible post the successive markdowns in its valuation by existing investors, said a person with the direct knowledge of the development.

The company is in fairly advanced stage to raise $300 million (around Rs 2000 crore) loan from Indian banks%