Flipkart's wholesale arm raises ₹1,000 crore loan

Online e-commerce giant Flipkart's wholesale arm has raised a ₹1,000 crore loan from Axis Bank, according to documents filed with the Ministry of Corporate Affairs. The raised amount comes in addition to the existing loan of ₹375 crore which was raised in August from the same bank. Flipkart also raised an ₹820 crore loan from Kotak Mahindra Bank in 2015.

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