Flipkart has closed a $1 billion funding round with Alphabet’s Google joining in with a $300-350 million cheque, the ecommerce major said on Friday. Flipkart has been valued at around $35-36 billion post this round, per sources in the know. Walmart had pumped in $600 million in the fundraise.
ET first reported on December 21 about Flipkart's $1 billion funding plan.
The etailer will use a significant part of this capital to invest in quick commerce slated for a launch in July.