Ecommerce giant Flipkart is in the middle of closing a $1 billion funding round in which Walmart has committed $600 million. This and more in todays ETtech Top 5.
Flipkart is seeking to raise at least $3 billion and could decide to increase the amount to as much as $3.75 billion, as investors have shown significant interest.
Open to Flipkart IPO, but no specific timeline yet, says Walmart businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.
The Flipkart IPO, which is likely early next year in the US, may get delayed If the SoftBank capital comes in as part of a larger $2 billion funding round.