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Flipkart gets $560M in 2nd tranche of Walmart-led $1.2B funding
short by Aishwarya / on Saturday, 26 September, 2020
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.
read more at Entrackr