Flipkart, the Indian e-commerce giant owned by Walmart, is said to be in talks with various investors to raise a whopping $3 billion. The company aims to achieve a valuation of approximately $40 billion, as reported by Bloomberg News. Among the potential investors are SoftBank Group Corp, sovereign wealth funds like Singapore’s GIC Pte., Canada Pension Plan Investment Board, and the Abu Dhabi Investment Authority. Sources suggest that SoftBank’s Vision Fund II could contribute between $300 million to $500 million to the total investment. However, neither Flipkart, SoftBank, nor the Abu Dhabi Investment Authority have made any official comments on the matter.

This funding round comes after SoftBank sold its 20% stake in Flipkart to Walmart back in 2018. Interestingly, Flipkart is also exploring the possibility of going public in the United States through a deal with a blank-check firm. In fact, Reuters reported in September that Flipkart was considering an overseas IPO as early as 2021, which could potentially value the company at a staggering $50 billion.

Overall, Flipkart’s discussions with various investors to secure a substantial sum of $3 billion indicates its ambition to further expand its operations and solidify its position in the Indian e-commerce market. With the potential involvement of renowned investors like SoftBank and sovereign wealth funds, the funding could provide Flipkart with the necessary resources to strengthen its infrastructure, enhance customer experiences, and drive further growth.

As for the possibility of an overseas IPO, Flipkart’s consideration of a US listing demonstrates its eagerness to attract international investors and access global capital markets. A successful IPO, particularly at a $50 billion valuation, would not only provide Flipkart with a significant infusion of funds but also serve as a testament to its success and potential.

While the discussions regarding these potential investments and an overseas IPO are ongoing, it remains to be seen how they will unfold. However, if Flipkart manages to secure the $3 billion funding and successfully goes public in the United States, it could mark a significant milestone in the company’s journey and reshape the dynamics of the Indian e-commerce industry.

[Useful links:
– For more information on Flipkart and its operations, visit their official website here.
– To learn about the latest news and updates on Indian e-commerce, check out the Economic Times article titled “Indian e-commerce market.” Here is the link.]