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Flipkart raises fresh investment of $350 million from Google
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Flipkart raises fresh investment of $350 million from Google
25 May 2024
Flipkart has closed a $1 billion funding round with Alphabet's Google joining in with a $300-350 million cheque, the e-commerce major said on Friday. Flipkart has been valued at around $35-36 billion post this round. Walmart had pumped in $600 million in the fundraise. Google's proposed investment and its Cloud collaboration will help Flipkart expand its business and advance the modernisation of its digital infrastructure to serve customers across the country.
Flipkart has closed a $1 billion funding round with Alphabet's Google joining in with a $300-350 million cheque, the e-commerce major said on Friday. Flipkart has been valued at around $35-36 billion post this round. Walmart had pumped in $600 million in the fundraise. Google's proposed investment and its Cloud collaboration will help Flipkart expand its business and advance the modernisation of its digital infrastructure to serve customers across the country.
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