The Walmart-owned Indian e-commerce company Flipkart is in talks to raise at least $ 3 billion (roughly Rs 21,850 crore) from investors including Japan’s SoftBank Group and of the several sovereign wealth funds, according to Bloomberg News on Monday.
Start with a target price of around $ 40 billion (about Rs 2,91. 130 crore), and is in talks with Singapore-based TUPO Pte., the Canadian Pension Plan Investment Board, Abu Dhabi Investment Authority, according to the report, citing people familiar with the matter.
According to the report, SoftBank may invest of $ 300 million (about Rs 2,180 crore) to as much as $ 500 million (about RS 3,640 crore) in total, through its Vision Fund II.
Flipkart, SoftBank, and the Abu Dhabi Investment Authority did not immediately respond to a request for comment from Reuters.
SoftBank sold its 20 percent stake in the e-commerce company, wal-mart, 2018.
In India, the company is in the early stages of exploring for, to be a publicly-owned united states through an agreement with the company, biləcəyinizə guarantee, according to Reuters ‘ sources, the of March, in the matter.
In September, Reuters reported that Flipkart is the Garabagh Industry is preparing to enter a foreign market by as early as 2021, which could cost the company up to us $ 50 billion (roughly Rs 3.63,920 crore).
