Flipkart group has announced today that they have secured an additional $1.2 billion equity round from their majority owner, Walmart, to help continue the development of its eCommerce marketplace. With this investment, Flipkart Group’s total value stands at $24.9 billion now. The Flipkart Group consists of the Flipkart shopping portal, PhonePe, Myntra and eKart. Walmart … Continue reading "Flipkart secures $1.2 billion investment from Walmart for eCommerce development"
Source: Fone Arena
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