- Flipkart is considering raising $2 billion to $3 billion at a valuation of more than $40 billion to expand its product range in India and challenge rivals, citing two people with direct knowledge of the matter.
- The world’s biggest retailer is keen to bring in strategic investors for the Indian company, but is also open to selling to large pure-play investment firms, the report said, citing one of the two people.
- Walmart is yet to formally mandate investment bankers to look for strategic partners and large global investors for the latest fundraising plan, the report added.