Walmart-backed Flipkart raises $3.6bn to power growth

Flipkart logo on laptop

Indian online retail powerhouse Flipkart has completed a $3.6bn (£2.6bn) fundraising to ”accelerate the growth of the consumer internet ecosystem in India”.

The financing values Flipkart at $37.6bn -  more than double what Walmart paid for a majority stake in 2018 - and came ahead of an anticipated IPO.

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