Flipkart is in talks to raise $3 Billion from investors including SoftBank Group
The Walmart-backed e-commerce giant is eyeing a valuation of $40 Billion
SoftBank would infuse $300 Mn to $500 Mn of the total through its Vision Fund II
This will mark SoftBank’s return to Flipkart as an investor after the exit in 2018
The fundraising comes at a time when competitor Amazon is also infusing funds in India as part of expansion plans
E-commerce is one of the key beneficiaries of the pandemic with the sector booming over the past 18 months
