Flipkart Close To Raising $500 Mn From Adq In Mammoth $3 Bn Round

by inc42.com posted 1month ago 9 views
Flipkart is reported to be in talks to raise $3 Bn at a valuation of $35 Bn-$40 Bn. : ADQ, formerly known as Abu Dhabi Developmental Holding Company, would likely co-invest with SoftBank in the round Flipkart is reported to be in advanced stages of discussions with ADQ, formerly known as Abu Dhabi Developmental Holding Company, for a mega $400Mn-$500 Mn investment, as part of its upcoming funding round. The funding round, which would value Flipkart at roughly $35 Bn-$40 Bn, is expected to be concluded in the next few weeks.

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