WMT - VC Deals: Google Walmart Lead Billion-Dollar Indian Dealmaking
Welcome to Seeking Alpha’s Venture Capital Deals of the Week. Follow this account and turn on the e-mail alert to receive VCDeals in your inbox on Friday afternoons.
The $10B Google ([[GOOG]],[[GOOGL]]) for India Digitization Fund launched on Monday set the stage for a lucrative week for the region. The tech giant then paid $4.5B for a 7.73% stake in telecom Reliance Jio, following Facebook’s (FB) $5.7B bet from April. The investment gave Reliance Jio a $58B equity valuation.
Walmart (WMT) led a $1.2B fundraising round for e-commerce giant Flipkart, building on the $16B