Private Equity

Other Private Equity/Strategic Investments

Flipkart in talks with SoftBank to raise $700-M

Economic Times  

SoftBank Vision Fund has held talks with Bengaluru-based Flipkart to invest USD 600-700 million, three years after the Japanese investor exited the e-tailer by selling shares to Walmart Inc. The funding is part of a larger USD 2 billion round which could see the participation of sovereign wealth funds like Abu Dhabi's ADQ, Canada's CPPIB, as well as the company's existing investors such as GIC and Qatar Investment Authority. The transaction is likely to value Flipkart at USD 25-30 billion. SoftBank had earlier invested USD 2.5 billion in Flipkart before its 2018 exit (at a USD 16 Billion valuation).