Flipkart in talks to raise $1 billion ahead of IPO: Reports

Flipkart is in talks to raise $1 billion from investors in a pre-IPO financing round, media reports said. It is looking to raise the amount at a valuation of up to $30 billion, TechCrunch said. Flipkart was last valued at about $24.9 billion last year when it raised $1.2 billion in a round led by Walmart.