Flipkart close to raising $400 Mn-$500 Mn from ADQ in mammoth $3 Bn round
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Flipkart is reported to be in advanced stages of discussions with ADQ, formerly known as Abu Dhabi Developmental Holding Company, for a mega $400Mn-$500 Mn investment, as part of its upcoming funding round. The funding round, which would value Flipkart at roughly $35 Bn-$40 Bn, is expected to be concluded in the next few weeks. Ahead of a potential IPO, Flipkart is said to be in talks to raise $3 Bn from investors.