Flipkart plans a Big Billion Day with new investors
We'll soon meet in your inbox. Please wait... A new investor pool—sovereign wealth funds, technology-focused financial groups, pension funds, long-term passive funds and private equity funds including CPPIB, CDPQ and Carlyle —have already been sounded out. Though the Flipkart fundraising is predominantly being targeted at new investors, existing ones like GIC of Singapore, Qatar Investment Authority too have been sounded out, one of the sources cited above said. These discussions are at an early stage and may or may not fructify, the people pointed out. JPMorgan and Goldman Sachs are advi...