Flipkart gets $560M in 2nd tranche of Walmart-led $1.2B funding

Flipkart has received around $560 million in the second tranche of its Walmart-led $1.2 billion funding round announced in July. Qatar Investment Authority (QIA) also participated in the round. Post the investment, Walmart's stake in Flipkart stands at 82.3%, while QIA controls 1.45%, Entrackr reported. Earlier, Tencent had invested $62.8 million in Flipkart and now owns 5.21% stake in it.