In fresh funding, Walmart-owned Flipkart raised $3.6 Bn
With this, Flipkart’s valuation hit $37.6 Bn
GIC, Canada Pension Plan Investment Board, SoftBank Vision Fund 2 and Walmart led the round
Each of them invested $600-800 Mn in the round
Funds are expected to use for strengthening grocery and fashion sectors
Flipkart aims a valuation of around $50 bn for its IPO
