Google Invests $350M in Flipkart, Valuing It at $37B
TL;DR Summary
Google is investing $350 million in Indian e-commerce giant Flipkart, as part of a $1 billion funding round led by Walmart. This investment includes cloud offerings from Google and values Flipkart at $36 billion. Flipkart, which commands 48% of the Indian e-commerce market, competes with Reliance Retail, Amazon, and others. The Indian e-commerce market is projected to be worth $133 billion by next year.
- Google invests $350 million in Indian e-commerce giant Flipkart TechCrunch
- Google to Invest in Flipkart, Help Modernize Digital Infrastructure PYMNTS.com
- Google to Invest $350 Million in Walmart-Controlled Indian Firm Bloomberg
- Flipkart closes $950 million round with Google's $350 million at a valuation of $36 billion Moneycontrol
- Google to invest $350 mln in India's Flipkart, valuing co at $37 bln, source says Reuters
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