Monday, 12 Jul 2021 03:35 PM MYT
The logo of India s e-commerce firm Flipkart is seen on the company s office in Bengaluru, India April 12, 2018. Reuters pic
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BENGALURU, July 12 Walmart Inc-owned Indian online retailer Flipkart said today it has raised US$3.6 billion (RM15 billion) in a round of funding, after which it will be valued at US$37.6 billion.
The funding was led by investors GIC, Canada Pension Plan Investment Board, SoftBank Vision Fund 2 and Walmart.
It also attracted investments from sovereign funds DisruptAD, Qatar Investment Authority, Khazanah Nasional Berhad and private equity firm Blackstone Group Inc-backed Antara Capital among others.
Walmart s Flipkart raises US$3 6 billion, SoftBank returns as investor
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Walmart s Flipkart raises US$3 6 billion in funding
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