Flipkart Leaders Meet FM Sitharaman Over Festive, India Plans

Flipkart, a subsidiary of Walmart, had a delegation of top executives, including group chief executive officer Kalyan Krishnamurthy, chief corporate affairs officer Rajneesh Kumar, and director of policy, Tafheem Siddique meet with the Union Finance Minister Nirmala Sitharaman to discuss the federal government’s digital commerce and what Flipkart is doing to advance financial inclusion, its performance, and corporate intentions as India adapts to the digital commerce landscape. 

The meeting is part of Flipkart's overall strategy to move its base from Singapore back to India, which shows Flipkart is serious about its commitment to the Indian market.

The e-commerce behemoth owned by Walmart is increasing operations for the festive season while also expanding across key verticals of quick commerce, fashion, fintech, and artificial intelligence.

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To fund these aggressive expansion plans, Flipkart Internet, the marketplace entity of the company, has received several capital infusions from its parent company registered in Singapore. The last one in May 2025 was ₹2,225 crore, following ₹3,250 crore in April 2025, ₹1,421 crore in April 2024, and ₹950 crore in March 2024, as per regulatory filings.

In July, Flipkart held an ESOP buyback that helped over 7,000 employees and accounted for about 5% of its ESOP pool.

At the same time, Flipkart Minutes, its quick commerce vertical, is expanding but is experiencing operational pressure with a 30% vacancy rate in delivery logistics in major metros, representing new headwinds for the business, despite having increased the fleet size by over 50% in the past year.

These strategic moves and more substantive conversations indicate Flipkart's intention to maintain and build momentum before what is likely a future public listing.