Alphabet Inc.'s Google is poised to acquire a minority stake in Flipkart, valued at $350 million, which would place the Indian e-commerce company's worth at $37 billion, according to a source with direct knowledge of the situation, as reported by Reuters .
👉 The tech giant is set to participate as an investor in the latest funding round for the Bengaluru-based firm, which will be led by Walmart, Flipkart's largest shareholder. This move will position Google as a minority investor, pending regulatory approvals.
👉 In December 2023, a spokesperson from Flipkart reportedly confirmed that Walmart planned to contribute $600 million to the company as part of a larger $1 billion funding round.
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