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Walmart s Flipkart to Raise Funding at $40 Billion Value

Walmart s Flipkart to Raise Funding at $40 Billion Value
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Flipkart to raise funding at $40 billion valuation

Flipkart to raise funding at $40 billion valuation Premium (Bloomberg) . Updated: 12 Jul 2021, 11:35 AM IST Bloomberg Flipkart is seeking capital as competition rises in India’s online retail market, with rivals Amazon., homegrown Reliance Industries Ltd Read Full Story Flipkart has completed a fundraising round valuing the Indian online retailer at about $40 billion, with main owner Walmart Inc. joining investors including SoftBank Group Corp. in injecting almost $4 billion, people familiar with the matter said. Blackstone Group Inc.-backed Antara Capital and half-a-dozen several sovereign wealth and pension funds are also participating, the people said, asking not to be named as the deal isn’t public.

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