Private Equity Other Private Equity/Strategic Investments
Flipkart in talks with UAE's ADQ to raise $500-M
Source Mint (opens in a new tab)
Abu Dhabi sovereign fund ADQ is in talks to invest USD 500 million in Walmart Inc-backed e-commerce firm Flipkart, ahead of a potential initial public offering next year. The investment is likely to value Flipkart between USD 35 billion and USD 40 billion.
Flipkart is reportedly seeking to raise between USD 3 billion and USD 3.75 billion from a group of investors including SoftBank Group Corp., Singapore's GIC Pte and Canada Pension Plan Investment Board.