tldrdailynews.com logo

Google Invests $350M in Flipkart, Valuing It at $37B

1 min read
Source: TechCrunch
Google Invests $350M in Flipkart, Valuing It at $37B
Photo: TechCrunch
TL;DR

Google is investing $350 million in Indian e-commerce giant Flipkart, as part of a $1 billion funding round led by Walmart. This investment includes cloud offerings from Google and values Flipkart at $36 billion. Flipkart, which commands 48% of the Indian e-commerce market, competes with Reliance Retail, Amazon, and others. The Indian e-commerce market is projected to be worth $133 billion by next year.

Topics:businessbusinesstechnology#businesstechnology#e-commerce#flipkart#google#india#investment
Share this article
  1. Google invests $350 million in Indian e-commerce giant Flipkart  TechCrunch
  2. Google to Invest in Flipkart, Help Modernize Digital Infrastructure  PYMNTS.com
  3. Google to Invest $350 Million in Walmart-Controlled Indian Firm  Bloomberg
  4. Flipkart closes $950 million round with Google's $350 million at a valuation of $36 billion  Moneycontrol
  5. Google to invest $350 mln in India's Flipkart, valuing co at $37 bln, source says  Reuters

Want the full story? Read the original reporting

Read on TechCrunch