India’s e-commerce giant Flipkart said Monday it raised $3.6 billion in fresh funds from global investors, including sovereign funds, private equity, and 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 disrupted, the venture arm of the Abu Dhabi sovereign fund, ADQ.
“This investment by leading global investors reflects the promise of digital commerce in India and their belief in Flipkart’s capabilities to maximize this potential for all stakeholders,” Flipkart CEO Kalyan Krishnamurthy said in a statement.
Read more: https://www.cnbc.com/2021/07/12/india-e-commerce-giant-flipkart-.html
You may also like
RS2 reveals new brand identity for Merchant Business in Germany
Landmark chooses e-commerce microservices solution for Emax business
Online Sellers Demanding Real-Time, Unified View of Sales
Shopify’s Sale of Logistics Ops Signals Return to eCommerce as Main Quest
Report: Alibaba Considers Taking eCommerce Business Public