Walmart plans to raise $3 billion for Flipkart at a valuation of $40 billion

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Walmart plans to raise $3 billion for Flipkart at a valuation of $40 billion

Walmart is considering to raise $2-3 billion for its subsidiary Flipkart at a valuation of more than $40 billion to expand in India, said a news report quoting sources.

“Unlike the previous round, Walmart may prefer to bring strategic investors into Walmart-Flipkart through this round of fundraising. Walmart-Flipkart, on the other hand, is willing to sell to large pure-play investment firms “Mint was told by one of the two people. Flipkart raised approximately USD 3.6 billion in July of last year. According to the two people cited above, approximately USD 700-800 million of this capital remains, according to Mint.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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Walmart is considering to raise $2-3 billion for its subsidiary Flipkart at a valuation of more than $40 billion to expand in India, said a news report quoting sources.

“Unlike the previous round, Walmart may prefer to bring strategic investors into Walmart-Flipkart through this round of fundraising. Walmart-Flipkart, on the other hand, is willing to sell to large pure-play investment firms “Mint was told by one of the two people. Flipkart raised approximately USD 3.6 billion in July of last year. According to the two people cited above, approximately USD 700-800 million of this capital remains, according to Mint.

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Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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