Flipkart: Walmart Would Raise $2 to $3 Billion For Flipkart at a Value Of Over $40 Billion. Report

Flipkart: According to two sources with firsthand knowledge of the situation, Flipkart is considering raising $2 billion to $3 billion at a valuation of more than $40 billion in order to increase its product selection in India and compete with rivals, Mint reported on Tuesday.

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Reuters' requests from Walmart or Flipkart were not immediately responded.

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