Flipkart of India raises $1.2 billion led by Walmart

iNDICA NEWS BUREAU India’s e-commerce giant Flipkart Group Tuesday said it closed an additional $1.2 billion equity round to support continued development of its e-commerce marketplace. The investment is led by Walmart, Flipkart Group’s majority owner, along with a group of existing shareholders and values the company at $24.9 billion post-money. The money, Flipkart said, […]