Other Private Equity/Strategic Investments

Flipkart in talks with UAE's ADQ to raise $500-M

Mint  

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.

Want to receive such news items in your inbox? Click Here to sign up for a trial.

2021 © TSJ Media Pvt Ltd. All rights reserved.