The investment values the Group at $37.6 billion post-money
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.
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.
We’ve reported that Monzo and Wise partnered to enhance cross-border transfers.
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