BLOOMBERG reports:
– E-commerce giant to raise funds as IPO pushed back to 2022
– SoftBank to back Flipkart again after selling stake to Walmart
Flipkart, the Indian e-commerce giant controlled by Walmart Inc., is in talks to raise at least $3 billion from investors including SoftBank Group Corp. and several sovereign wealth funds, according to people familiar with the matter.
The startup is targeting a valuation of about $40 billion and is in discussions with Singapore’s GIC …
The post BBG: Flipkart in talks to raise $3bn from SoftBank, sovereign wealth funds appeared first on The Loadstar.
Source: The Loadstar
Be the first to comment on "BBG: Flipkart in talks to raise $3bn from SoftBank, sovereign wealth funds"