Walmart to Raise Up to $3 Billion for Flipkart at $40 Billion Valuation to Challenge Rivals: Report

Walmart is reportedly considering raising up to $3 billion (roughly Rs. 25,000 crore) in funding for Flipkart, as the firm looks to expand its product range in the country and challenge rivals. The company is yet to yet to formally mandate investment bankers to look for strategic partners and large global investors for the latest fundraising plan, according to a repor...