Flipkart raises USD 3.6 billion; valuation hits USD 37.6 billion

BENGALURU: E-commerce firm Flipkart has raised $ 3.6 billion in major financing round since US retail behemoth Walmart acquired the company in 2018 for a controlling 77% stake for $16 billion. The e-tailer is now valued at $37.6 billion post-money valuations, a significant jump in its valuation from $24.9 billion last year, when Walmart infused $1.2 billion in the company.