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Flipkart secures USD 1.2 bln in funding from Walmart-led investor group

Wednesday 15 July 2020 | 08:35 CET | News
A Walmart-led investor group has invested an additional USD 1.2 billion in Indian e-commerce platform Flipkart Group. The investment is expected to support Flipkart's marketplace during the ongoing Covid-19 pandemic. With this new investment, Flipkart is valued at USD 24.9 billion, IANS reports. The USD 1.2 billion amount will be funded in two tranches over the remainder of the fiscal year.

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Categories: Internet
Companies: Flipkart
Countries: India
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