Flipkart raises $3.6 billion from GIC, SoftBank, Walmart, others
While details about the investment made by these entities individually were not disclosed, sources said Canada Pension Plan Investment Board (CPP Investments) infused about USD 750-800 million, while SoftBank has pumped about $500 million.
Jul 12, 2021, 17:29 PM IST
Latest funds will be used to make profits, shave off burn: Flipkart
Flipkart board member and investor, Subrata Mitra on Tuesday said money raised through the latest round of funding will be utilised to make profits and shave off company's burn on weekly basis, in a quest to ride its business towards right metrics.
Apr 11, 2017, 10:23 AM IST
Flipkart raises $1.4 billion, acquires eBay business in India
India's largest e-commerce firm Flipkart has raised $1.4 billion from Tencent Holdings, Microsoft Corp and eBay Inc amid speculation that the online marketplace is in talks to take over smaller rival Snapdeal.
Apr 10, 2017, 15:36 PM IST
