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News
Flipkart Snags $3.6B In Funds That 'reflect' India's E-commerce Potential | Zdnet
Posted on: July 12, 2021, 7:06 a.m.
Indian e-commerce giant raises $3.6 billion from investors that include GIC and SoftBank, with plans to use the funds to further drive its goal to "transform" the country's commerce industry, including traditional segments such as fashion and mom-and-pop grocery stores. Full investment news article
Flipkart's Valuation Crosses $37.6 Bn After Raising $3.6 Bn In Funding | Business Standard News
Posted on: July 12, 2021, 7:06 a.m.
Flipkart is now among the 10 largest e-commerce companies in the world by valuation, according to experts. : E-commerce company Flipkart Group has raised $3.6 billion in funding in a round led by international groups that included Canada Pension Plan Investment Board (CPP Investments), SoftBank Vision Fund 2 and Tiger Global. The investment values Flipkart at $37.6 billion post-money. USA’s Walmart last July led a $1.2-billion round in Flipkart, valuing the firm at $24.9 billion. Walmart bought Flipkart bought for … Full investment news article