Workflow
Flipkart injects $30m into fintech division Supermoney
Yahoo Finance·2025-09-24 08:41

Walmart-backed Flipkart India has invested 30minSupermoney,itsfintechdivision,aimingtoincludeofferingssuchaslendingandstockbrokingservices,reportedBloomberg.TheinvestmentinSupermoneyfollowsanearliercapitalinjectionof30m in Supermoney, its fintech division, aiming to include offerings such as lending and stock broking services, reported Bloomberg. The investment in Supermoney follows an earlier capital injection of 20m from Flipkart at the time of the fintech unit's spinoff. Supermoney, led by CEO Prakash Sikaria, is seeking to engage with external investors to support its growth plans. Since its inception, Supermoney is currently ranked as the fifth-largest UPI applicati ...