Walmart invests $600 mn in Flipkart - News Summed Up
Walmart invests $600 mn in Flipkart

Walmart invests $600 mn in Flipkart

December 22, 2023 20:05 UTC

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Walmart invests $600 mn in Flipkart


Uma Kannan ByExpress News ServiceBENGALURU: Homegrown ecommerce marketplace Flipkart has received $600 million fund infusion from parent company Walmart. Flipkart co-founder Binny Bansal, Accel and Tiger Global Management in July exited the e-commerce firm and sold their shares to Walmart. The Flipkart Group includes group companies Flipkart, Myntra, Flipkart Wholesale, Flipkart Health+, and Cleartrip. Follow The New Indian Express channel on WhatsAppBENGALURU: Homegrown ecommerce marketplace Flipkart has received $600 million fund infusion from parent company Walmart. Flipkart co-founder Binny Bansal, Accel and Tiger Global Management in July exited the e-commerce firm and sold their shares to Walmart.


Source: Indian Express December 22, 2023 20:05 UTC



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