New Delhi: Flipkart is going to be seen in a lending sphere as it has secured a license to operate as a non-banking financial company (NBFC). The entity, named Flipkart Finance Pvt Ltd, has been accorded the license by Reserve Bank of India (RBI). The Walmart-owned Flipkart entity would, soon, be able to lend money but not accept deposits, as NBFCs are not allowed to accept deposits as per the RBI guidelines. This is the first time in India when an e-commerce has been accorded the license to act as a NBFC, as per a report.

NBFC-Flipkart

The central bank accorded the official certificate of registration to Flipkart on March 13, 2025, but the official news was not reported, as per the Reuters report. The documents regarding the approval for the license were sent by Walmart in 2022. Walmart owns an 80 percent stake in Flipkart.

Majorly, ecommerce platforms lend with the help of banks and NBFCs, but the license accorded to Flipkart will help the company to directly lend. According to company sources, lending directly would prove to be the more lucrative business option for the e-commerce player, thereby increasing the coffers of the company and its balance sheet. Now, with the help of its fintech app, Super.Money, Flipkart aims to lend directly on its popular platform, as per the sources.

Walmart aims to make Flipkart a publicly listed company. The plans are in for launching its IPO. Walmart had bought an 80 percent stake in Flipkart, which made it the former’s controlling holding company.