Flipkart's Valuation Crosses $37.6 Bn After Raising $3.6 Bn In Funding | Business Standard News

by business-standard.com posted 3weeks ago 5 views
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 $16 billion in 2018 and is now battling Amazon and Reliance’s JioMart for dominance in India’s online retail market.

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