Spielwarenmesse: Walmart invests $560m in Indian e-commerce firm Flipkart

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Walmart invests $560m in Indian e-commerce firm Flipkart

30. September 2020 12:25 h

  • US retail giant Walmart has invested $560m in Indian e-commerce company Flipkart as part of the $1.2bn round it announced in July 2020.

Flipkart allotted 39,57,960 equity shares at $141.6 per share to Walmart for the US firm’s investment. INQ Holdings, the subsidiary of Qatar Investment Authority, also invested $8.14m for 57,477 shares in Flipkart. The latest financing in Flipkart follows Tencent’s $62.8m infusion in the Indian e-commerce company.

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