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Last Updated : Jul 14, 2020 05:32 PM IST | Source: Reuters

Flipkart raises $1.2 billion in Walmart-led funding

The investment is led by Walmart, Flipkart's majority owner, along with a group of existing shareholders, the company said.

Reuters

US. retail giant Walmart will lead a $1.2 billion investment in its Indian e-commerce unit Flipkart, giving it a valuation of $24.9 billion, Flipkart said on Tuesday.

The investment is led by Walmart, Flipkart's majority owner, along with a group of existing shareholders, the company said.

 
First Published on Jul 14, 2020 05:30 pm

tags #Business #Flipkart #Walmart

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