E-commerce giant Flipkart eyes $1 Bn- $2 Bn funding for securing its position
Aims to build a war chest against Amazon and JioMart
Flipkart is in talks with sovereign funds, private equity majors and other investors for the same
It will be valued at $30 Billion after the funding
The company is also planning a US listing this year through a Special Purpose Acquisition Company
Flipkart’s lion’s share in the Indian market will prove to be beneficial for US investors
