Flipkart raises $3.6 Bn at $37.6 Bn valuation as SoftBank returns

In what is perhaps one of the largest financing rounds for a consumer tech company operating in India, Flipkart said it has raised $3.6 billion at a valuation of $37.6 billion as the e-commerce giant prepares for public listing. Another headlining feature of this financing round is the re-entry of SoftBank to Flipkart’s cap table. The Japanese investment company had exited Flipkart when it was bought by Walmart in 2018.