By Syndicated Content
May 10, 2021 | 11:46 PM
BENGALURU (Reuters) â Walmart Inc-owned Indian e-commerce firm Flipkart is in early talks with investors to raise at least $1 billion, the Economic Times reported https://economictimes.indiatimes.com/tech/funding/flipkart-plans-a-big-billion-day-with-new-investors/articleshow/82533913.cms on Tuesday, citing people familiar with the matter.
Flipkartâs fund raise plans come at a time when the company is considering an initial public offering (IPO), while it battles players including Amazon.comâs local unit and billionaire Mukesh Ambani-owned Reliance Retailsâ JioMart amid a pandemic that has seen demand for online services skyrocket.
Reuters first reported in September that Bengaluru-based Flipkart was preparing for an IPO overseas as early as 2021, which could value the firm at as much as $50 billion.]
(AGENPARL) – THE HAGUE (THE NETHERLANDS), mar 11 maggio 2021 BENGALURU (Reuters) – Walmart Inc-owned Indian e-commerce firm Flipkart is in early talks with investors to raise at least $1 billion, the Economic Times reported https://economictimes.indiatimes.com/tech/funding/flipkart-plans-a-big-billion-day-with-new-investors/articleshow/.cms on Tuesday, citing people familiar with the matter. Flipkart’s fund raise plans come at a time when the company is considering an initial public offering (IPO), while it battles players including Amazon.com’s local unit and billionaire Mukesh Ambani-owned Reliance Retails’ JioMart amid a pandemic that has seen demand for online services skyrocket. Reuters first reported in September that Bengaluru-based Flipkart was preparing for an IPO overseas as early as 2021, which could value the firm at as much as $50 billion.]
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A traditional Flipkart IPO is much more likely, even as a growing number of Indian tech startups are considering the SPAC route to public markets because it involves less scrutiny.
Publishing date: Mar 04, 2021 • March 4, 2021 • 1 minute read •
Article content
Walmart Inc-owned Indian e-commerce giant Flipkart is exploring going public in the United States through a deal with a blank-check firm, although a traditional stock market listing is much more likely, people familiar with the matter said.
The talks for a deal with a special purpose acquisition company (SPAC) are at a very early stage and could fall apart as no plans have been finalized yet, said the people, who declined to be named as the information is confidential.
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