×
653
Fashion Jobs
COLUMBIA SPORTSWEAR COMPANY
Assistant Merchandising Manager
Permanent · BENGALURU
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Firozabad
Permanent · Firozabad
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Phagwara
Permanent · Phagwara
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Karnal
Permanent · Karnal
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Belagavi
Permanent · Belagavi
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Baddi
Permanent · Baddi
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Moradabad
Permanent · Moradabad
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Idukki
Permanent · Idukki Township
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Garhmukteshwar
Permanent · Garh Mukteshwar
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Ranikhet
Permanent · Ranikhet
TRIANGLE WEAVERS
Production Manager
Permanent · Cherthala
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Kasauli
Permanent · Kasauli
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Calicut
Permanent · Kozhikode
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Balrampur
Permanent · Balrampur
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Nahan
Permanent · Nahan
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Kanchipuram
Permanent · Kanchipuram
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Rishikesh
Permanent · Rishikesh
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Chennai
Permanent · Chennai
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Bareilly
Permanent · Bareilly
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Nainital
Permanent · Nainital
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Kanyakumari
Permanent · Kanyakumari
LAVYA ASSOCIATES
Area Sales Manager-Agency | Life Insurance-Ghaziabad
Permanent · Ghaziabad
Published
Dec 21, 2016
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Flipkart secures Rs 300 crore loan from IDFC bank

Published
Dec 21, 2016

Indian e-commerce giant Flipkart has secured a Rs 300 crore loan from IDFC Bank, according to latest documents filed with the Registrar of Companies (RoC). Flipkart did not mention a specific reason for the credit line in documents filed with the RoC.


Flipkart

 

 “This is a regular credit line taken for operations in our normal course of business,” a Flipkart spokesperson told the Times of India.

Flipkart has struggled to raise equity capital this year amidst competition from Seattle-based Amazon, who recently invested Rs 2010 crore in Amazon India in attempts to seize the Indian market. Amazon’s aggression pursuit of the Indian market share, with continuing investment into areas such as groceries and video, poses a clear threat to Flipkart. The stiff competition from the American company has led to talks between Flipkart and a set of investors including the likes of Chinese e-commerce giant Alibaba and global retail giant Walmart to raise fresh money, but differences over valuation has acted as a roadblock.

Recently, Sachin Bansal of Flipkart has urged the government to create a level playing field and protect the homegrown start ups from their foreign rivals.

 Flipkart has previously taken a loan of Rs 450 crore from another private sector lender, HDFC Bank. This kind of credit line is typically secured for fulfilling working capital needs.

 

Copyright © 2022 FashionNetwork.com All rights reserved.