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Flipkart raises $560 Mn more from Walmart; closes $1.3 Bn total funding in 2020

Megha Jain

Content Head
Image Credit: shortpedia

Walmart has pumped $560.45 million in Flipkart as part of the $1.2 billion round it announced in July. On Friday, the Bengaluru-based e-commerce giant allotted 39,57,960 equity shares at $141.6 per share to raise these funds, regulatory filings in Singapore show. Qatar Investment Authority or QIA’s subsidiary INQ Holdings also picked up 57,477 shares for $8.14 million. Flipkart has raised close to $1.3 billion in 2020.