Venture Capital: Indian eCommerce Giant Flipkart Raises $3.6B At $37.6B Valuation
Flipkart, the Indian e-commerce platform majority-owned by Walmart (NYSE: WMT), announced today (July 12, 2021) its $3.6 billion funding round led by GIC, Canada Pension Plan Investment Board (CPP Investments), SoftBank Vision Fund 2, and Walmart. Sovereign funds DisruptAD, Qatar Investment Authority, Khazanah Nasional also participated in the round alongside big-name investors such as Tencent, Willoughby Capital, Antara Capital, Franklin Templeton, and Tiger Global.