Sources: Indian ecommerce major Flipkart seeks $1b raise ahead of its IPO

Sources: Indian ecommerce major Flipkart seeks $1b raise ahead of its IPO

Tech in Asia·2021-05-11 13:00

“Flipkart has hit the market to raise US$1 billion at up to a US$30 billion valuation before its public listing,” TechCrunch reported, citing two people familiar with the matter.

Details:

The ecommerce giant began exploring funding opportunities with some of its investors earlier this year.While it was reported that the company plans to go public this year, internal discussion in recent months has pushed its IPO process to early next year.

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