New York's I-bank sues Flipkart for $800k over Israeli start-up buy: report

New Yorks I-bank sues Flipkart for $800k over Israeli start-up buy: report

  • 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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