23 Sep 2025 | 3 Mins Read
Walmart-backed Flipkart invests in Supermoney
Flipitmoney
Flipkart, backed by Walmart Inc., invests $30 million in fintech unit Supermoney to accelerate lending and stock broking push. Supermoney, led by Prakash Sikaria, has become India's 5th-largest UPI app, handling 257 million transactions a month. The firm aims to reach profitability by year-end and is developing a simplified stock-trading platform.