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A fundraising round for Flipkart

By BFTLR Team

This month, Flipkart had announced the funding round from global investors which raised another USD 3.6 billion increasing its valuation up to USD 37.8 billion. The fundraisers included Singapore sovereign wealth fund GIC, Canada Pension plan investment board, Soft Bank vision fund 2 & Walmart. The e-commerce monster in Southeast Asia is Shopee that was founded in Singapore in 2015. Its holding company Sea Ltd. has the most value in Singapore by the market cap. According to the 2017 NYSE, its market value is over USD 150 billion which is three times of the next largest company DBS bank. Compared to Southeast Asia, adoption of e-Commerce in India is low but the online potential remains enormous as India is one of the fastest-growing populations acquiring internet in the world. 

Source: Mint

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