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Flipkart raises $3.6 billion in funding

The investment values the Group at $37.6 billion post-money

Flipkart

Flipkart raises $3.6 billion in funding. Source: flickr.com

The Flipkart Group has raised $3.6 billion in funding as it continues to grow and advance the digital commerce ecosystem in India.

This round of funding was led by financial investors GIC, Canada Pension Plan Investment Board, SoftBank Vision Fund 2 and Walmart, along with investments from sovereign funds DisruptAD, Qatar Investment Authority, Khazanah Nasional Berhad, and marquee investors Tencent, Willoughby Capital, Antara Capital, Franklin Templeton and Tiger Global.

At Flipkart, we are committed to transforming the consumer internet ecosystem in India and providing consumers access and value. This investment by leading global investors reflects the promise of digital commerce in India and their belief in Flipkart’s capabilities to maximise this potential for all stakeholders. As we serve our consumers, we will focus on accelerating growth for millions of small and medium Indian businesses, including kiranas. We will continue to invest in new categories and leverage made-in-India technology to transform consumer experiences and develop a world-class supply chain
Kalyan Krishnamurthy, Chief Executive Officer, Flipkart Group

With this development, Flipkart will continue to make deeper investments across people, technology, supply chain and infrastructure to address the requirements of a rapidly growing consumer base in India.

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