Softbank Returns In Flipkart's $3.6bn Funding Round - Nikkei Asia

by asia.nikkei.com posted 3weeks ago 0 views
TOKYO -- India's leading online retailer Flipkart on Monday said it raised $3.6 billion from a group of investors in a deal that valued the Indian e-commerce company at $37.6 billion. The funding round was led by Singaporean sovereign wealth fund GIC, Canada Pension Plan Investment Board, SoftBank Group's Vision Fund 2 and U.S. retailer Walmart, according to Flipkart. Tencent Holdings, Malaysia's Khazanah Nasional Berhad and other investors also participated. The deal comes more than three years after Walmart acquired a 77% stake in Flipkart for $16 billion.

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