Is Flipkart fairly valued? 26 Jul 2021, 09:27 GMT+10 By Lee Kah WhyeSingapore, July 26 (ANI): Earlier this month, India's ecommerce giant Flipkart announced a round of funding from various global investors which raised another USD 3.6 billion for the mega-unicorn, taking its value to USD 37.8 billion. This is likely to be the last pre-IPO shareholding opportunity as it is expected to go public later this year. A Reuters report in March 2021 said that the Bengaluru-based company is seeking a 2021 overseas listing, very likely in the United States, with a possible market valuation of around USD 50 billion. The latest round of funding saw fresh funds committed by Singapore sovereign wealth fund GIC, the Canada Pension Plan Investment Board, Soft Bank Vision Fund 2 and Walmart. Also taking part in this funding round were sovereign funds like Qatar Investment Authority, Malaysia's Khazanah Nasional Berhad and DisruptAD, the venture arm of the Abu Dhabi sovereign fund, ADQ. Other backers included China's Tencent, Franklin Templeton and Tiger Global.