SUMMARY
The company did not disclose the funding amount or the valuation at which the funds have been raised
Walmart-owned Flipkart
has brought Google on board as a minority investor as part of the funding round led by the US-based retail giant. Flipkart said Google’s investment deal is subject to regulatory approvals as well as terms that both parties need to agree upon.
The ecommerce giant did not disclose the funding amount or the valuation at which Google is investing.
In a statement, Flipkart said, “Google’s proposed investment and its Cloud collaboration will help Flipkart expand its business and advance the modernisation of its digital infrastructure to serve customers across the country.”
Developing
