E-commerce giant Flipkart, owned by Walmart in India, is set to receive a fresh injection of capital with Google joining the investment party. Google is expected to invest nearly US$350 million (around RMB 2.54 billion) in Flipkart, acquiring a minority stake. This investment is part of a larger funding round led by Walmart. However, the deal awaits regulatory approval and finalization of terms between both companies.
Walmart already invested $600 million last year in the company
Looking beyond the investment itself, Google will also provide cloud services to Flipkart. This cloud partnership will strengthen Flipkart’s digital infrastructure and fuel its expansion plans. Flipkart sees this collaboration as a strategic move to “scale its business and modernize” its operations.
Reports indicate that this investment is part of Flipkart’s nearly $1 billion funding round launched in 2023. Walmart has already played a leading role, investing $600 million last year.
Currently, Flipkart holds a dominant position in the Indian e-commerce market, with competitors like Amazon and Meesho lagging behind. Google’s investment highlights its commitment to the Indian market, following its previous pledge of $10 billion (around RMB 72.5 billion) in Indian companies back in 2020. This commitment is further solidified by Google’s prior investments in Jio Platforms ($4.5 billion) and Airtel ($1 billion).
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