Walmart leads $1.2 billion investment in India’s Flipkart

Walmart leads $1.2 billion investment in India’s Flipkart

Walmart is increasing its majority-stake in Flipkart by leading a new $1.2 billion financing round in the Indian e-commerce giant. The fresh equity round led by Walmart, which acquired majority stake in Flipkart for $16 billion two years ago, values Flipkart at $24.9...