XLC - Google Joins The Club: Invests In Flipkart Reportedly Boosting E-Commerce Giant's Valuation to $37B | Benzinga
Alphabet Inc’s (NASDAQ:GOOGL) (NASDAQ:GOOG) Google has invested in Flipkart, the Indian e-commerce firm backed by Walmart Inc (NYSE:WMT). The latest funding round is led by Walmart.
Google’s proposed investment and its Cloud collaboration will help Flipkart expand its business and advance the modernization of its digital infrastructure to serve customers across the country.
The inclusion of Google as a minority investor is pending regulatory approvals.
Flipkart consists of group companies, including Flipkart, Myntra, Flipkart Wholesale, Flipkart Health+, and Cleartrip.
The tech giant is set to acquire a minority stake valued at $350 ...