New York's I-bank sues Flipkart for $800k over Israeli start-up buy: report
26 Feb 2019 11:27 PM GMT
Alleging breach of contract, unjust enrichment and other claims, Wolet Capital Corp, an investment bank specializing in US-India cross-border deals, has reportedly sought $800,000 in damages and cost
- Alleging breach of contract, unjust enrichment and other claims, Wolet Capital Corp, an investment bank specializing in US-India cross-border deals, has reportedly sought $800,000 in damages and cost from Flipkart for failing to pay it for advisory services related to the acquisition of Upstream Commerce.
- Flipkart bought Israel-based Upstream Commerce in September 2018 for an undisclosed amount.
- According to a report in Economic Times, Wolet has alleged that Flipkart failed to pay it for advisory services related to the Upstream acquisition.
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