Home Tag "Softbank"
Team Flipkart Stories
0

Walmart to invest in Flipkart Group, India’s innovative e-commerce company

* Significant opportunity to partner with local leader in a large, fast-growing market * Flipkart’s strong leadership team will be supported by Walmart, Tencent, Tiger Global and Microsoft * Underscores long-term commitment to India, where Walmart looks to serve customers, support job creation, small businesses, farmers and women entrepreneurs * Walmart supports Flipkart’s ambition to transition into a publicly-listed, majority-owned subsidiary in the future
Team Flipkart Stories

Softbank Vision Fund invests in Flipkart to become one of the largest shareholders of the company

* Vision Fund joins Tencent, eBay and Microsoft in the current financing round, significantly increasing the investment capital available to Flipkart * After this financing round, Flipkart will have in excess of $4 billion of cash on balance sheet * This investment round allows Flipkart to further its mission to transform India and SoftBank to invest in a market leader with scale