Flipkart plans $1 Bn fundraise for expansion as JioMart steps up competition
Shortpedia
Content Team
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Walmart-owned ecommerce giant Flipkart is reported to be in talks with sovereign funds, private equity majors and other investors for a $1 Bn – $2 Bn funding round. The fundraise is expected to fuel Flipkart’s expansion plans and get an adjusted valuation based on the performance of its various verticals. The company could raise up to $2 Bn depending on how well investors receive its pitch.
