Walmart to raise $2-$3 bn for Flipkart at over $40 bn valuation: Report
Flipkart is considering raising $2 billion to $3 billion at a valuation of more than $40 billion to expand its product range in India and challenge rivals.
Reuters
- Oct 26, 2022,
- Updated Oct 26, 2022 8:54 AM IST
Walmart Inc-backed Flipkart is considering raising $2 billion to $3 billion at a valuation of more than $40 billion to expand its product range in India and challenge rivals, Mint reported on Tuesday, citing two people with direct knowledge of the matter.
Walmart and Flipkart did not immediately respond to Reuters' requests for comment.
Advertisement
Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
Walmart Inc-backed Flipkart is considering raising $2 billion to $3 billion at a valuation of more than $40 billion to expand its product range in India and challenge rivals, Mint reported on Tuesday, citing two people with direct knowledge of the matter.
Walmart and Flipkart did not immediately respond to Reuters' requests for comment.
Advertisement
Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
Read more!