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Flipkart in talks to raise $1 billion, Walmart commits $600 million
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Ecommerce major Flipkart is in the middle of raising $1 billion in fresh funds with Walmart committing $600 million, people aware of the matter said.
Flipkart’s latest financing is likely to value it at about 5-10% premium to its last valuation of $33 billion, people aware of the matter said. The Bengaluru-based web commerce company’s valuation was adjusted to $33 billion after PhonePe was separated from the group. Besides Walmart and other existing shareholders, new investors are also in talks to join the round, sources added.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Professional Certificate in Product ManagementVisitIIT DelhiIITD Certificate Programme in Data Science & Machine LearningVisitIndian School of BusinessISB Product ManagementVisitAn email sent by ETtech to Flipkart did not immediately elicit a response.
About this in other media
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SoftBank-backed FirstCry to file IPO papers soon, targets raising $500-600 million economictimes.indiatimes.com /1 year ago
Flipkart Year End Sale: Sales and Discounts to get before December 16 livemint.com /1 year ago
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