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India’s e-commerce giant Flipkart raises $3.6 billion in fresh funds

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Workers unload sacks of rice at a grocery store, known as a kirana, in Bengaluru, India, on Monday, Jun. 21, 2021. D

Dhiraj Singh | Bloomberg | Getty Images

India’s e-commerce giant Flipkart said Monday it raised $3.6 billion in fresh funds from a number of global investors including sovereign funds, private equity and crossovers as well as from its parent company, Walmart.

The new round of funding was led by Singapore sovereign wealth fund GIC, the Canada Pension Plan Investment Board, SoftBank Vision Fund 2 and Walmart. It also included investments from sovereign funds like Qatar Investment Authority, Malaysia’s Khazanah Nasional Berhad and DisruptAD, the venture arm of the Abu Dhabi…



Source cnbc.com

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