• Chethan Machaknur

Walmart to infuse $1.2 bn in Flipkart

Flipart Group raised $1.2-billion equity from Walmart, valuing it at $24.9 billion.The latest equity will be funded in two tranches over the remainder of the fiscal year.

"We're grateful for the strong backing of our shareholders as we continue to build our platform and serve the growing needs of Indian consumers during these challenging times," Flipkart CEO Kalyan Krishnamurthy said.

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