[ad_1]
NEW DELHI: Chinese language expertise large Tencent has acquired a stake value $264 million in Walmart-backed Flipkart from its former co-founder Binny Bansal. Put up the transaction that was accomplished in October final yr, Tencent holds 0. 7% stake in Singapore-incorporated Flipkart. Bansal now holds 1. 8% within the firm.
IPO-bound Flipkart’s valuation surged to $37. 6 billion in July final yr, when the corporate raised $3. 6 billion in a funding spherical led by a number of traders, together with GIC, Canada Pension Plan Funding Board (CPP Investments), SoftBank Imaginative and prescient
IPO-bound Flipkart’s valuation surged to $37. 6 billion in July final yr, when the corporate raised $3. 6 billion in a funding spherical led by a number of traders, together with GIC, Canada Pension Plan Funding Board (CPP Investments), SoftBank Imaginative and prescient
[ad_2]