Walmart to raise up to $3B at $40B valuation for Flipkart

Flipkart may dilute around 7% for raising as much as $3B via the fundraise. The investment could likely be deployed for potential acquisitions in the ecommerce space and to add more resources for Flipkart.

Walmart may prefer to bring strategic investors into Walmart Flipkart through this fundraising. However, Walmart-Flipkart is also open to selling to large pure-play investment firms.

[Via]

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