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.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
