Reported 5 months ago
Alphabet's Google is set to invest $350 million in India's Flipkart, a move that will value the e-commerce company at $37 billion. Google's investment, part of a funding round led by Walmart, will make the tech giant a minority stakeholder in Flipkart. The collaboration aims to support Flipkart's business expansion and digital infrastructure modernization to serve customers across India. Speculation about Flipkart's potential initial public offering has been circulating since Walmart's acquisition of the company.
Source: YAHOO