Flipkart Is in Talks to Raise $3 Billion From SoftBank, Sovereign Wealth Funds

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Flipkart Is in Talks to Raise $3 Billion From SoftBank, Sovereign Wealth Funds

Bloomberg2021-06-07

(Bloomberg) -- Flipkart, the Indian e-commerce giant controlled by Walmart Inc., is in talks to raise at least $3 billion from investors including SoftBank Group Corp. and several sovereign wealth ...

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Monnie13
·2021-06-07
Comment n like please, tq❤️
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- miaomee:
  Like n comment pls
  2021-06-07
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Yapyap
·2021-06-07
Coollll
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神算大仙
·2021-06-07
Good
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- 神算大仙:
  Ok
  2021-06-07
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- 神算大仙:
  Ok
  2021-06-07
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Jeremyekh
·2021-06-07
Nice
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Raymondsj
·2021-06-07
Nice
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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFlipkart Is in Talks to Raise $3 Billion From SoftBank, Sovereign Wealth Funds\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-07 19:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-07/flipkart-is-said-in-talks-for-3-billion-from-softbank-others?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Flipkart, the Indian e-commerce giant controlled by Walmart Inc., is in talks to raise at least $3 billion from investors including SoftBank Group Corp. and several sovereign wealth ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-07/flipkart-is-said-in-talks-for-3-billion-from-softbank-others?srnd=premium-asia\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WMT","symbol_name":"沃尔玛","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2021-06-07/flipkart-is-said-in-talks-for-3-billion-from-softbank-others?srnd=premium-asia","article_id":"2141233782","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2141233782","pubTimestamp":1623065958,"columns":[],"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"(Bloomberg) -- Flipkart, the Indian e-commerce giant controlled by Walmart Inc., is in talks to rais","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"WMT":"沃尔玛","03086":"华夏纳指","CPNG":"Coupang, Inc.","AMZN":"亚马逊","09086":"华夏纳指-U","QNETCN":"纳斯达克中美互联网老虎指数"},"translate_title":"Flipkart正在商谈从主权财富基金软银融资30亿美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03086":0.9,"09086":0.9,"AMZN":0.9,"AONE":0.9,"CPNG":0.9,"QNETCN":0.9,"WMT":0.9},"content_text":"(Bloomberg) -- Flipkart, the Indian e-commerce giant controlled by Walmart Inc., is in talks to raise at least $3 billion from investors including SoftBank Group Corp. and several sovereign wealth funds, according to people familiar with the matter.\nThe startup is targeting a valuation of about $40 billion and is in discussions with Singapore’s GIC Pte., Canada Pension Plan Investment Board and the Abu Dhabi Investment Authority, said the people, asking not to be named because the discussions are private. Japan’s SoftBank, which had previously backed Flipkart before selling its stake to Walmart, could invest $300 million to $500 million of the total through its Vision Fund II, one of the people said.\nFlipkart plans to raise the additional capital ahead of an initial public offering, now planned for next year, the people said. The company had targeted an IPO as soon as the fourth quarter of this year, but those plans have been delayed by the coronavirus resurgence in India.\nThe fundraising discussions are not yet finalized and could still change, the people said.\nSoftBank and GIC declined to comment, while Flipkart did not immediately respond to requests for comment.\nThe e-commerce market has boomed over the past 18 months, one of the clear beneficiaries of the pandemic. Shares of Amazon.com Inc., which competes with Flipkart in India, soared more than 70% during that period to a market value of $1.6 trillion. One of the most successful IPOs this year was South Korea’s Coupang Inc., another SoftBank-backed e-commerce provider.\nIndia has enormous potential for growth, as demonstrated during the pandemic. The population of 1.3 billion is rapidly adopting digital technologies as the standard of living rises, while traditional retailers are not as established as in markets like the U.S.\nThat has helped fuel the interest in Flipkart from investors at the targeted $40 billion valuation. If the company makes its debut in the public markets next year as planned, it could be the largest IPO of an Indian startup.\nThe deal would mark an unlikely return for SoftBank. The Japanese company agreed to sell its stake in Flipkart to Walmart in 2018, reaping a profit of about $1.5 billion in the span of a year.\nFlipkart was founded in 2007 by two former Amazon engineers and acquired by Walmart 11 years later in the American retailer’s largest acquisition ever. Walmart has since invested more than $1.5 billion in the retail platform, at the same time Amazon has pumped billions into its local business.\nToday, Flipkart includes the fashion retailer Myntra and Flipkart Wholesale, its digital marketplace targeted at small and medium businesses. Flipkart also owns a substantial stake in digital payments provider PhonePe.\nSince the beginning of the pandemic, Flipkart and its peers have expanded further into smaller Indian cities. The online retailer is increasingly seeing first-time internet users shop on Indian language versions of its service -- it currently offers 11 languages -- and also voice-enabled shopping. Annual revenues are at about $15 billion, according to one of the people, driven mostly by sales of electronics and fashion but, increasingly, also home furnishings, health care and groceries.\nThe potential funding could help Flipkart invest in its supply chain, technology and possible acquisitions as it battles rising competition. Besides Amazon, a pair of domestic entrants are backed by two of the country’s most powerful conglomerates, Reliance Industries and Tata Group.","kind":"news","is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":114602144,"gmtCreate":1623070342288,"gmtModify":1704195394048,"author":{"id":"3580877889256462","authorId":"3580877889256462","name":"Monnie13","avatar":"https://static.tigerbbs.com/26065b0a845430e57fc8cfb7f515de26","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3580877889256462","authorIdStr":"3580877889256462"},"htmlText":"Comment n like please, tq❤️","listText":"Comment n like please, tq❤️","text":"Comment n like please, tq❤️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/114602144","repostId":2141233782,"repostType":4,"repost":{"id":"2141233782","kind":"news","pubTimestamp":1623065958,"share":"https://ttm.financial/m/news/2141233782?lang=&edition=fundamental","pubTime":"2021-06-07 19:39","market":"us","language":"en","title":"Flipkart Is in Talks to Raise $3 Billion From SoftBank, Sovereign Wealth Funds","url":"https://stock-news.laohu8.com/highlight/detail?id=2141233782","media":"Bloomberg","summary":"(Bloomberg) -- Flipkart, the Indian e-commerce giant controlled by Walmart Inc., is in talks to rais","content":"<p>(Bloomberg) -- Flipkart, the Indian e-commerce giant controlled by Walmart Inc., is in talks to raise at least $3 billion from investors including SoftBank Group Corp. and several sovereign wealth funds, according to people familiar with the matter.</p>\n<p>The startup is targeting a valuation of about $40 billion and is in discussions with Singapore’s GIC Pte., Canada Pension Plan Investment Board and the Abu Dhabi Investment Authority, said the people, asking not to be named because the discussions are private. Japan’s SoftBank, which had previously backed Flipkart before selling its stake to Walmart, could invest $300 million to $500 million of the total through its Vision Fund II, <a href=\"https://laohu8.com/S/AONE\">one</a> of the people said.</p>\n<p>Flipkart plans to raise the additional capital ahead of an initial public offering, now planned for next year, the people said. The company had targeted an IPO as soon as the fourth quarter of this year, but those plans have been delayed by the coronavirus resurgence in India.</p>\n<p>The fundraising discussions are not yet finalized and could still change, the people said.</p>\n<p>SoftBank and GIC declined to comment, while Flipkart did not immediately respond to requests for comment.</p>\n<p>The e-commerce market has boomed over the past 18 months, <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the clear beneficiaries of the pandemic. Shares of Amazon.com Inc., which competes with Flipkart in India, soared more than 70% during that period to a market value of $1.6 trillion. One of the most successful IPOs this year was South Korea’s Coupang Inc., another SoftBank-backed e-commerce provider.</p>\n<p>India has enormous potential for growth, as demonstrated during the pandemic. The population of 1.3 billion is rapidly adopting digital technologies as the standard of living rises, while traditional retailers are not as established as in markets like the U.S.</p>\n<p>That has helped fuel the interest in Flipkart from investors at the targeted $40 billion valuation. If the company makes its debut in the public markets next year as planned, it could be the largest IPO of an Indian startup.</p>\n<p>The deal would mark an unlikely return for SoftBank. The Japanese company agreed to sell its stake in Flipkart to Walmart in 2018, reaping a profit of about $1.5 billion in the span of a year.</p>\n<p>Flipkart was founded in 2007 by two former Amazon engineers and acquired by Walmart 11 years later in the American retailer’s largest acquisition ever. Walmart has since invested more than $1.5 billion in the retail platform, at the same time Amazon has pumped billions into its local business.</p>\n<p>Today, Flipkart includes the fashion retailer Myntra and Flipkart Wholesale, its digital marketplace targeted at small and medium businesses. Flipkart also owns a substantial stake in digital payments provider PhonePe.</p>\n<p>Since the beginning of the pandemic, Flipkart and its peers have expanded further into smaller Indian cities. The online retailer is increasingly seeing first-time internet users shop on Indian language versions of its service -- it currently offers 11 languages -- and also voice-enabled shopping. Annual revenues are at about $15 billion, according to one of the people, driven mostly by sales of electronics and fashion but, increasingly, also home furnishings, health care and groceries.</p>\n<p>The potential funding could help Flipkart invest in its supply chain, technology and possible acquisitions as it battles rising competition. Besides Amazon, a pair of domestic entrants are backed by two of the country’s most powerful conglomerates, Reliance Industries and Tata Group.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Flipkart Is in Talks to Raise $3 Billion From SoftBank, Sovereign Wealth Funds</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFlipkart Is in Talks to Raise $3 Billion From SoftBank, Sovereign Wealth Funds\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-07 19:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-07/flipkart-is-said-in-talks-for-3-billion-from-softbank-others?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Flipkart, the Indian e-commerce giant controlled by Walmart Inc., is in talks to raise at least $3 billion from investors including SoftBank Group Corp. and several sovereign wealth ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-07/flipkart-is-said-in-talks-for-3-billion-from-softbank-others?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CPNG":"Coupang, Inc.","AMZN":"亚马逊","QNETCN":"纳斯达克中美互联网老虎指数","WMT":"沃尔玛","09086":"华夏纳指-U","03086":"华夏纳指"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-07/flipkart-is-said-in-talks-for-3-billion-from-softbank-others?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2141233782","content_text":"(Bloomberg) -- Flipkart, the Indian e-commerce giant controlled by Walmart Inc., is in talks to raise at least $3 billion from investors including SoftBank Group Corp. and several sovereign wealth funds, according to people familiar with the matter.\nThe startup is targeting a valuation of about $40 billion and is in discussions with Singapore’s GIC Pte., Canada Pension Plan Investment Board and the Abu Dhabi Investment Authority, said the people, asking not to be named because the discussions are private. Japan’s SoftBank, which had previously backed Flipkart before selling its stake to Walmart, could invest $300 million to $500 million of the total through its Vision Fund II, one of the people said.\nFlipkart plans to raise the additional capital ahead of an initial public offering, now planned for next year, the people said. The company had targeted an IPO as soon as the fourth quarter of this year, but those plans have been delayed by the coronavirus resurgence in India.\nThe fundraising discussions are not yet finalized and could still change, the people said.\nSoftBank and GIC declined to comment, while Flipkart did not immediately respond to requests for comment.\nThe e-commerce market has boomed over the past 18 months, one of the clear beneficiaries of the pandemic. Shares of Amazon.com Inc., which competes with Flipkart in India, soared more than 70% during that period to a market value of $1.6 trillion. One of the most successful IPOs this year was South Korea’s Coupang Inc., another SoftBank-backed e-commerce provider.\nIndia has enormous potential for growth, as demonstrated during the pandemic. The population of 1.3 billion is rapidly adopting digital technologies as the standard of living rises, while traditional retailers are not as established as in markets like the U.S.\nThat has helped fuel the interest in Flipkart from investors at the targeted $40 billion valuation. If the company makes its debut in the public markets next year as planned, it could be the largest IPO of an Indian startup.\nThe deal would mark an unlikely return for SoftBank. The Japanese company agreed to sell its stake in Flipkart to Walmart in 2018, reaping a profit of about $1.5 billion in the span of a year.\nFlipkart was founded in 2007 by two former Amazon engineers and acquired by Walmart 11 years later in the American retailer’s largest acquisition ever. Walmart has since invested more than $1.5 billion in the retail platform, at the same time Amazon has pumped billions into its local business.\nToday, Flipkart includes the fashion retailer Myntra and Flipkart Wholesale, its digital marketplace targeted at small and medium businesses. Flipkart also owns a substantial stake in digital payments provider PhonePe.\nSince the beginning of the pandemic, Flipkart and its peers have expanded further into smaller Indian cities. The online retailer is increasingly seeing first-time internet users shop on Indian language versions of its service -- it currently offers 11 languages -- and also voice-enabled shopping. Annual revenues are at about $15 billion, according to one of the people, driven mostly by sales of electronics and fashion but, increasingly, also home furnishings, health care and groceries.\nThe potential funding could help Flipkart invest in its supply chain, technology and possible acquisitions as it battles rising competition. Besides Amazon, a pair of domestic entrants are backed by two of the country’s most powerful conglomerates, Reliance Industries and Tata Group.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4618091,"gmtCreate":1623073523696,"gmtModify":1663228128835,"authorId":3569375896365334,"author":{"id":3569375896365334,"idStr":"3569375896365334","authorId":3569375896365334,"name":"miaomee","avatar":"https://static.tigerbbs.com/fd309d5a46384576888494b61b0e5953","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":114602144,"type":1,"supId":0,"prevId":0,"content":"Like n comment <u>pls</u>","text":"Like n comment <u>pls</u>","html":"Like n comment <u>pls</u>"}],"langContent":"EN"},{"id":114606489,"gmtCreate":1623070333741,"gmtModify":1704195393239,"author":{"id":"3555497414386855","authorId":"3555497414386855","name":"Yapyap","avatar":"https://static.tigerbbs.com/ae8e23fdb414a4391a359fa1516a4b20","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3555497414386855","authorIdStr":"3555497414386855"},"htmlText":"Coollll","listText":"Coollll","text":"Coollll","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/114606489","repostId":2141233782,"repostType":4,"repost":{"id":"2141233782","kind":"news","pubTimestamp":1623065958,"share":"https://ttm.financial/m/news/2141233782?lang=&edition=fundamental","pubTime":"2021-06-07 19:39","market":"us","language":"en","title":"Flipkart Is in Talks to Raise $3 Billion From SoftBank, Sovereign Wealth Funds","url":"https://stock-news.laohu8.com/highlight/detail?id=2141233782","media":"Bloomberg","summary":"(Bloomberg) -- Flipkart, the Indian e-commerce giant controlled by Walmart Inc., is in talks to rais","content":"<p>(Bloomberg) -- Flipkart, the Indian e-commerce giant controlled by Walmart Inc., is in talks to raise at least $3 billion from investors including SoftBank Group Corp. and several sovereign wealth funds, according to people familiar with the matter.</p>\n<p>The startup is targeting a valuation of about $40 billion and is in discussions with Singapore’s GIC Pte., Canada Pension Plan Investment Board and the Abu Dhabi Investment Authority, said the people, asking not to be named because the discussions are private. Japan’s SoftBank, which had previously backed Flipkart before selling its stake to Walmart, could invest $300 million to $500 million of the total through its Vision Fund II, <a href=\"https://laohu8.com/S/AONE\">one</a> of the people said.</p>\n<p>Flipkart plans to raise the additional capital ahead of an initial public offering, now planned for next year, the people said. The company had targeted an IPO as soon as the fourth quarter of this year, but those plans have been delayed by the coronavirus resurgence in India.</p>\n<p>The fundraising discussions are not yet finalized and could still change, the people said.</p>\n<p>SoftBank and GIC declined to comment, while Flipkart did not immediately respond to requests for comment.</p>\n<p>The e-commerce market has boomed over the past 18 months, <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the clear beneficiaries of the pandemic. Shares of Amazon.com Inc., which competes with Flipkart in India, soared more than 70% during that period to a market value of $1.6 trillion. One of the most successful IPOs this year was South Korea’s Coupang Inc., another SoftBank-backed e-commerce provider.</p>\n<p>India has enormous potential for growth, as demonstrated during the pandemic. The population of 1.3 billion is rapidly adopting digital technologies as the standard of living rises, while traditional retailers are not as established as in markets like the U.S.</p>\n<p>That has helped fuel the interest in Flipkart from investors at the targeted $40 billion valuation. If the company makes its debut in the public markets next year as planned, it could be the largest IPO of an Indian startup.</p>\n<p>The deal would mark an unlikely return for SoftBank. The Japanese company agreed to sell its stake in Flipkart to Walmart in 2018, reaping a profit of about $1.5 billion in the span of a year.</p>\n<p>Flipkart was founded in 2007 by two former Amazon engineers and acquired by Walmart 11 years later in the American retailer’s largest acquisition ever. Walmart has since invested more than $1.5 billion in the retail platform, at the same time Amazon has pumped billions into its local business.</p>\n<p>Today, Flipkart includes the fashion retailer Myntra and Flipkart Wholesale, its digital marketplace targeted at small and medium businesses. Flipkart also owns a substantial stake in digital payments provider PhonePe.</p>\n<p>Since the beginning of the pandemic, Flipkart and its peers have expanded further into smaller Indian cities. The online retailer is increasingly seeing first-time internet users shop on Indian language versions of its service -- it currently offers 11 languages -- and also voice-enabled shopping. Annual revenues are at about $15 billion, according to one of the people, driven mostly by sales of electronics and fashion but, increasingly, also home furnishings, health care and groceries.</p>\n<p>The potential funding could help Flipkart invest in its supply chain, technology and possible acquisitions as it battles rising competition. Besides Amazon, a pair of domestic entrants are backed by two of the country’s most powerful conglomerates, Reliance Industries and Tata Group.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Flipkart Is in Talks to Raise $3 Billion From SoftBank, Sovereign Wealth Funds</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFlipkart Is in Talks to Raise $3 Billion From SoftBank, Sovereign Wealth Funds\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-07 19:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-07/flipkart-is-said-in-talks-for-3-billion-from-softbank-others?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Flipkart, the Indian e-commerce giant controlled by Walmart Inc., is in talks to raise at least $3 billion from investors including SoftBank Group Corp. and several sovereign wealth ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-07/flipkart-is-said-in-talks-for-3-billion-from-softbank-others?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CPNG":"Coupang, Inc.","AMZN":"亚马逊","QNETCN":"纳斯达克中美互联网老虎指数","WMT":"沃尔玛","09086":"华夏纳指-U","03086":"华夏纳指"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-07/flipkart-is-said-in-talks-for-3-billion-from-softbank-others?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2141233782","content_text":"(Bloomberg) -- Flipkart, the Indian e-commerce giant controlled by Walmart Inc., is in talks to raise at least $3 billion from investors including SoftBank Group Corp. and several sovereign wealth funds, according to people familiar with the matter.\nThe startup is targeting a valuation of about $40 billion and is in discussions with Singapore’s GIC Pte., Canada Pension Plan Investment Board and the Abu Dhabi Investment Authority, said the people, asking not to be named because the discussions are private. Japan’s SoftBank, which had previously backed Flipkart before selling its stake to Walmart, could invest $300 million to $500 million of the total through its Vision Fund II, one of the people said.\nFlipkart plans to raise the additional capital ahead of an initial public offering, now planned for next year, the people said. The company had targeted an IPO as soon as the fourth quarter of this year, but those plans have been delayed by the coronavirus resurgence in India.\nThe fundraising discussions are not yet finalized and could still change, the people said.\nSoftBank and GIC declined to comment, while Flipkart did not immediately respond to requests for comment.\nThe e-commerce market has boomed over the past 18 months, one of the clear beneficiaries of the pandemic. Shares of Amazon.com Inc., which competes with Flipkart in India, soared more than 70% during that period to a market value of $1.6 trillion. One of the most successful IPOs this year was South Korea’s Coupang Inc., another SoftBank-backed e-commerce provider.\nIndia has enormous potential for growth, as demonstrated during the pandemic. The population of 1.3 billion is rapidly adopting digital technologies as the standard of living rises, while traditional retailers are not as established as in markets like the U.S.\nThat has helped fuel the interest in Flipkart from investors at the targeted $40 billion valuation. If the company makes its debut in the public markets next year as planned, it could be the largest IPO of an Indian startup.\nThe deal would mark an unlikely return for SoftBank. The Japanese company agreed to sell its stake in Flipkart to Walmart in 2018, reaping a profit of about $1.5 billion in the span of a year.\nFlipkart was founded in 2007 by two former Amazon engineers and acquired by Walmart 11 years later in the American retailer’s largest acquisition ever. Walmart has since invested more than $1.5 billion in the retail platform, at the same time Amazon has pumped billions into its local business.\nToday, Flipkart includes the fashion retailer Myntra and Flipkart Wholesale, its digital marketplace targeted at small and medium businesses. Flipkart also owns a substantial stake in digital payments provider PhonePe.\nSince the beginning of the pandemic, Flipkart and its peers have expanded further into smaller Indian cities. The online retailer is increasingly seeing first-time internet users shop on Indian language versions of its service -- it currently offers 11 languages -- and also voice-enabled shopping. Annual revenues are at about $15 billion, according to one of the people, driven mostly by sales of electronics and fashion but, increasingly, also home furnishings, health care and groceries.\nThe potential funding could help Flipkart invest in its supply chain, technology and possible acquisitions as it battles rising competition. Besides Amazon, a pair of domestic entrants are backed by two of the country’s most powerful conglomerates, Reliance Industries and Tata Group.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":114852594,"gmtCreate":1623068201918,"gmtModify":1704195353844,"author":{"id":"3585263291473504","authorId":"3585263291473504","name":"神算大仙","avatar":"https://static.tigerbbs.com/6e68e461b639ab1ada37a94930e5dcb7","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3585263291473504","authorIdStr":"3585263291473504"},"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/114852594","repostId":2141233782,"repostType":4,"repost":{"id":"2141233782","kind":"news","pubTimestamp":1623065958,"share":"https://ttm.financial/m/news/2141233782?lang=&edition=fundamental","pubTime":"2021-06-07 19:39","market":"us","language":"en","title":"Flipkart Is in Talks to Raise $3 Billion From SoftBank, Sovereign Wealth Funds","url":"https://stock-news.laohu8.com/highlight/detail?id=2141233782","media":"Bloomberg","summary":"(Bloomberg) -- Flipkart, the Indian e-commerce giant controlled by Walmart Inc., is in talks to rais","content":"<p>(Bloomberg) -- Flipkart, the Indian e-commerce giant controlled by Walmart Inc., is in talks to raise at least $3 billion from investors including SoftBank Group Corp. and several sovereign wealth funds, according to people familiar with the matter.</p>\n<p>The startup is targeting a valuation of about $40 billion and is in discussions with Singapore’s GIC Pte., Canada Pension Plan Investment Board and the Abu Dhabi Investment Authority, said the people, asking not to be named because the discussions are private. Japan’s SoftBank, which had previously backed Flipkart before selling its stake to Walmart, could invest $300 million to $500 million of the total through its Vision Fund II, <a href=\"https://laohu8.com/S/AONE\">one</a> of the people said.</p>\n<p>Flipkart plans to raise the additional capital ahead of an initial public offering, now planned for next year, the people said. The company had targeted an IPO as soon as the fourth quarter of this year, but those plans have been delayed by the coronavirus resurgence in India.</p>\n<p>The fundraising discussions are not yet finalized and could still change, the people said.</p>\n<p>SoftBank and GIC declined to comment, while Flipkart did not immediately respond to requests for comment.</p>\n<p>The e-commerce market has boomed over the past 18 months, <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the clear beneficiaries of the pandemic. Shares of Amazon.com Inc., which competes with Flipkart in India, soared more than 70% during that period to a market value of $1.6 trillion. One of the most successful IPOs this year was South Korea’s Coupang Inc., another SoftBank-backed e-commerce provider.</p>\n<p>India has enormous potential for growth, as demonstrated during the pandemic. The population of 1.3 billion is rapidly adopting digital technologies as the standard of living rises, while traditional retailers are not as established as in markets like the U.S.</p>\n<p>That has helped fuel the interest in Flipkart from investors at the targeted $40 billion valuation. If the company makes its debut in the public markets next year as planned, it could be the largest IPO of an Indian startup.</p>\n<p>The deal would mark an unlikely return for SoftBank. The Japanese company agreed to sell its stake in Flipkart to Walmart in 2018, reaping a profit of about $1.5 billion in the span of a year.</p>\n<p>Flipkart was founded in 2007 by two former Amazon engineers and acquired by Walmart 11 years later in the American retailer’s largest acquisition ever. Walmart has since invested more than $1.5 billion in the retail platform, at the same time Amazon has pumped billions into its local business.</p>\n<p>Today, Flipkart includes the fashion retailer Myntra and Flipkart Wholesale, its digital marketplace targeted at small and medium businesses. Flipkart also owns a substantial stake in digital payments provider PhonePe.</p>\n<p>Since the beginning of the pandemic, Flipkart and its peers have expanded further into smaller Indian cities. The online retailer is increasingly seeing first-time internet users shop on Indian language versions of its service -- it currently offers 11 languages -- and also voice-enabled shopping. Annual revenues are at about $15 billion, according to one of the people, driven mostly by sales of electronics and fashion but, increasingly, also home furnishings, health care and groceries.</p>\n<p>The potential funding could help Flipkart invest in its supply chain, technology and possible acquisitions as it battles rising competition. Besides Amazon, a pair of domestic entrants are backed by two of the country’s most powerful conglomerates, Reliance Industries and Tata Group.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Flipkart Is in Talks to Raise $3 Billion From SoftBank, Sovereign Wealth Funds</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFlipkart Is in Talks to Raise $3 Billion From SoftBank, Sovereign Wealth Funds\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-07 19:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-07/flipkart-is-said-in-talks-for-3-billion-from-softbank-others?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Flipkart, the Indian e-commerce giant controlled by Walmart Inc., is in talks to raise at least $3 billion from investors including SoftBank Group Corp. and several sovereign wealth ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-07/flipkart-is-said-in-talks-for-3-billion-from-softbank-others?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CPNG":"Coupang, Inc.","AMZN":"亚马逊","QNETCN":"纳斯达克中美互联网老虎指数","WMT":"沃尔玛","09086":"华夏纳指-U","03086":"华夏纳指"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-07/flipkart-is-said-in-talks-for-3-billion-from-softbank-others?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2141233782","content_text":"(Bloomberg) -- Flipkart, the Indian e-commerce giant controlled by Walmart Inc., is in talks to raise at least $3 billion from investors including SoftBank Group Corp. and several sovereign wealth funds, according to people familiar with the matter.\nThe startup is targeting a valuation of about $40 billion and is in discussions with Singapore’s GIC Pte., Canada Pension Plan Investment Board and the Abu Dhabi Investment Authority, said the people, asking not to be named because the discussions are private. Japan’s SoftBank, which had previously backed Flipkart before selling its stake to Walmart, could invest $300 million to $500 million of the total through its Vision Fund II, one of the people said.\nFlipkart plans to raise the additional capital ahead of an initial public offering, now planned for next year, the people said. The company had targeted an IPO as soon as the fourth quarter of this year, but those plans have been delayed by the coronavirus resurgence in India.\nThe fundraising discussions are not yet finalized and could still change, the people said.\nSoftBank and GIC declined to comment, while Flipkart did not immediately respond to requests for comment.\nThe e-commerce market has boomed over the past 18 months, one of the clear beneficiaries of the pandemic. Shares of Amazon.com Inc., which competes with Flipkart in India, soared more than 70% during that period to a market value of $1.6 trillion. One of the most successful IPOs this year was South Korea’s Coupang Inc., another SoftBank-backed e-commerce provider.\nIndia has enormous potential for growth, as demonstrated during the pandemic. The population of 1.3 billion is rapidly adopting digital technologies as the standard of living rises, while traditional retailers are not as established as in markets like the U.S.\nThat has helped fuel the interest in Flipkart from investors at the targeted $40 billion valuation. If the company makes its debut in the public markets next year as planned, it could be the largest IPO of an Indian startup.\nThe deal would mark an unlikely return for SoftBank. The Japanese company agreed to sell its stake in Flipkart to Walmart in 2018, reaping a profit of about $1.5 billion in the span of a year.\nFlipkart was founded in 2007 by two former Amazon engineers and acquired by Walmart 11 years later in the American retailer’s largest acquisition ever. Walmart has since invested more than $1.5 billion in the retail platform, at the same time Amazon has pumped billions into its local business.\nToday, Flipkart includes the fashion retailer Myntra and Flipkart Wholesale, its digital marketplace targeted at small and medium businesses. Flipkart also owns a substantial stake in digital payments provider PhonePe.\nSince the beginning of the pandemic, Flipkart and its peers have expanded further into smaller Indian cities. The online retailer is increasingly seeing first-time internet users shop on Indian language versions of its service -- it currently offers 11 languages -- and also voice-enabled shopping. Annual revenues are at about $15 billion, according to one of the people, driven mostly by sales of electronics and fashion but, increasingly, also home furnishings, health care and groceries.\nThe potential funding could help Flipkart invest in its supply chain, technology and possible acquisitions as it battles rising competition. Besides Amazon, a pair of domestic entrants are backed by two of the country’s most powerful conglomerates, Reliance Industries and Tata Group.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4616937,"gmtCreate":1623068262965,"gmtModify":1663228124940,"authorId":3585263291473504,"author":{"id":3585263291473504,"idStr":"3585263291473504","authorId":3585263291473504,"name":"神算大仙","avatar":"https://static.tigerbbs.com/6e68e461b639ab1ada37a94930e5dcb7","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"93.10%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":114852594,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":4616941,"gmtCreate":1623068294285,"gmtModify":1663228123849,"authorId":3585263291473504,"author":{"id":3585263291473504,"idStr":"3585263291473504","authorId":3585263291473504,"name":"神算大仙","avatar":"https://static.tigerbbs.com/6e68e461b639ab1ada37a94930e5dcb7","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"93.10%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":114852594,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":114826047,"gmtCreate":1623067243589,"gmtModify":1704195339450,"author":{"id":"3575961933723946","authorId":"3575961933723946","name":"Jeremyekh","avatar":"https://static.tigerbbs.com/f282e7493caf9b66c35f33ff5e06c263","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3575961933723946","authorIdStr":"3575961933723946"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/114826047","repostId":2141233782,"repostType":4,"repost":{"id":"2141233782","kind":"news","pubTimestamp":1623065958,"share":"https://ttm.financial/m/news/2141233782?lang=&edition=fundamental","pubTime":"2021-06-07 19:39","market":"us","language":"en","title":"Flipkart Is in Talks to Raise $3 Billion From SoftBank, Sovereign Wealth Funds","url":"https://stock-news.laohu8.com/highlight/detail?id=2141233782","media":"Bloomberg","summary":"(Bloomberg) -- Flipkart, the Indian e-commerce giant controlled by Walmart Inc., is in talks to rais","content":"<p>(Bloomberg) -- Flipkart, the Indian e-commerce giant controlled by Walmart Inc., is in talks to raise at least $3 billion from investors including SoftBank Group Corp. and several sovereign wealth funds, according to people familiar with the matter.</p>\n<p>The startup is targeting a valuation of about $40 billion and is in discussions with Singapore’s GIC Pte., Canada Pension Plan Investment Board and the Abu Dhabi Investment Authority, said the people, asking not to be named because the discussions are private. Japan’s SoftBank, which had previously backed Flipkart before selling its stake to Walmart, could invest $300 million to $500 million of the total through its Vision Fund II, <a href=\"https://laohu8.com/S/AONE\">one</a> of the people said.</p>\n<p>Flipkart plans to raise the additional capital ahead of an initial public offering, now planned for next year, the people said. The company had targeted an IPO as soon as the fourth quarter of this year, but those plans have been delayed by the coronavirus resurgence in India.</p>\n<p>The fundraising discussions are not yet finalized and could still change, the people said.</p>\n<p>SoftBank and GIC declined to comment, while Flipkart did not immediately respond to requests for comment.</p>\n<p>The e-commerce market has boomed over the past 18 months, <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the clear beneficiaries of the pandemic. Shares of Amazon.com Inc., which competes with Flipkart in India, soared more than 70% during that period to a market value of $1.6 trillion. One of the most successful IPOs this year was South Korea’s Coupang Inc., another SoftBank-backed e-commerce provider.</p>\n<p>India has enormous potential for growth, as demonstrated during the pandemic. The population of 1.3 billion is rapidly adopting digital technologies as the standard of living rises, while traditional retailers are not as established as in markets like the U.S.</p>\n<p>That has helped fuel the interest in Flipkart from investors at the targeted $40 billion valuation. If the company makes its debut in the public markets next year as planned, it could be the largest IPO of an Indian startup.</p>\n<p>The deal would mark an unlikely return for SoftBank. The Japanese company agreed to sell its stake in Flipkart to Walmart in 2018, reaping a profit of about $1.5 billion in the span of a year.</p>\n<p>Flipkart was founded in 2007 by two former Amazon engineers and acquired by Walmart 11 years later in the American retailer’s largest acquisition ever. Walmart has since invested more than $1.5 billion in the retail platform, at the same time Amazon has pumped billions into its local business.</p>\n<p>Today, Flipkart includes the fashion retailer Myntra and Flipkart Wholesale, its digital marketplace targeted at small and medium businesses. Flipkart also owns a substantial stake in digital payments provider PhonePe.</p>\n<p>Since the beginning of the pandemic, Flipkart and its peers have expanded further into smaller Indian cities. The online retailer is increasingly seeing first-time internet users shop on Indian language versions of its service -- it currently offers 11 languages -- and also voice-enabled shopping. Annual revenues are at about $15 billion, according to one of the people, driven mostly by sales of electronics and fashion but, increasingly, also home furnishings, health care and groceries.</p>\n<p>The potential funding could help Flipkart invest in its supply chain, technology and possible acquisitions as it battles rising competition. Besides Amazon, a pair of domestic entrants are backed by two of the country’s most powerful conglomerates, Reliance Industries and Tata Group.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Flipkart Is in Talks to Raise $3 Billion From SoftBank, Sovereign Wealth Funds</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFlipkart Is in Talks to Raise $3 Billion From SoftBank, Sovereign Wealth Funds\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-07 19:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-07/flipkart-is-said-in-talks-for-3-billion-from-softbank-others?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Flipkart, the Indian e-commerce giant controlled by Walmart Inc., is in talks to raise at least $3 billion from investors including SoftBank Group Corp. and several sovereign wealth ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-07/flipkart-is-said-in-talks-for-3-billion-from-softbank-others?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CPNG":"Coupang, Inc.","AMZN":"亚马逊","QNETCN":"纳斯达克中美互联网老虎指数","WMT":"沃尔玛","09086":"华夏纳指-U","03086":"华夏纳指"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-07/flipkart-is-said-in-talks-for-3-billion-from-softbank-others?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2141233782","content_text":"(Bloomberg) -- Flipkart, the Indian e-commerce giant controlled by Walmart Inc., is in talks to raise at least $3 billion from investors including SoftBank Group Corp. and several sovereign wealth funds, according to people familiar with the matter.\nThe startup is targeting a valuation of about $40 billion and is in discussions with Singapore’s GIC Pte., Canada Pension Plan Investment Board and the Abu Dhabi Investment Authority, said the people, asking not to be named because the discussions are private. Japan’s SoftBank, which had previously backed Flipkart before selling its stake to Walmart, could invest $300 million to $500 million of the total through its Vision Fund II, one of the people said.\nFlipkart plans to raise the additional capital ahead of an initial public offering, now planned for next year, the people said. The company had targeted an IPO as soon as the fourth quarter of this year, but those plans have been delayed by the coronavirus resurgence in India.\nThe fundraising discussions are not yet finalized and could still change, the people said.\nSoftBank and GIC declined to comment, while Flipkart did not immediately respond to requests for comment.\nThe e-commerce market has boomed over the past 18 months, one of the clear beneficiaries of the pandemic. Shares of Amazon.com Inc., which competes with Flipkart in India, soared more than 70% during that period to a market value of $1.6 trillion. One of the most successful IPOs this year was South Korea’s Coupang Inc., another SoftBank-backed e-commerce provider.\nIndia has enormous potential for growth, as demonstrated during the pandemic. The population of 1.3 billion is rapidly adopting digital technologies as the standard of living rises, while traditional retailers are not as established as in markets like the U.S.\nThat has helped fuel the interest in Flipkart from investors at the targeted $40 billion valuation. If the company makes its debut in the public markets next year as planned, it could be the largest IPO of an Indian startup.\nThe deal would mark an unlikely return for SoftBank. The Japanese company agreed to sell its stake in Flipkart to Walmart in 2018, reaping a profit of about $1.5 billion in the span of a year.\nFlipkart was founded in 2007 by two former Amazon engineers and acquired by Walmart 11 years later in the American retailer’s largest acquisition ever. Walmart has since invested more than $1.5 billion in the retail platform, at the same time Amazon has pumped billions into its local business.\nToday, Flipkart includes the fashion retailer Myntra and Flipkart Wholesale, its digital marketplace targeted at small and medium businesses. Flipkart also owns a substantial stake in digital payments provider PhonePe.\nSince the beginning of the pandemic, Flipkart and its peers have expanded further into smaller Indian cities. The online retailer is increasingly seeing first-time internet users shop on Indian language versions of its service -- it currently offers 11 languages -- and also voice-enabled shopping. Annual revenues are at about $15 billion, according to one of the people, driven mostly by sales of electronics and fashion but, increasingly, also home furnishings, health care and groceries.\nThe potential funding could help Flipkart invest in its supply chain, technology and possible acquisitions as it battles rising competition. Besides Amazon, a pair of domestic entrants are backed by two of the country’s most powerful conglomerates, Reliance Industries and Tata Group.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":114866170,"gmtCreate":1623066584390,"gmtModify":1704195325748,"author":{"id":"3569352578277592","authorId":"3569352578277592","name":"Raymondsj","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3569352578277592","authorIdStr":"3569352578277592"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/114866170","repostId":2141233782,"repostType":4,"repost":{"id":"2141233782","kind":"news","pubTimestamp":1623065958,"share":"https://ttm.financial/m/news/2141233782?lang=&edition=fundamental","pubTime":"2021-06-07 19:39","market":"us","language":"en","title":"Flipkart Is in Talks to Raise $3 Billion From SoftBank, Sovereign Wealth Funds","url":"https://stock-news.laohu8.com/highlight/detail?id=2141233782","media":"Bloomberg","summary":"(Bloomberg) -- Flipkart, the Indian e-commerce giant controlled by Walmart Inc., is in talks to rais","content":"<p>(Bloomberg) -- Flipkart, the Indian e-commerce giant controlled by Walmart Inc., is in talks to raise at least $3 billion from investors including SoftBank Group Corp. and several sovereign wealth funds, according to people familiar with the matter.</p>\n<p>The startup is targeting a valuation of about $40 billion and is in discussions with Singapore’s GIC Pte., Canada Pension Plan Investment Board and the Abu Dhabi Investment Authority, said the people, asking not to be named because the discussions are private. Japan’s SoftBank, which had previously backed Flipkart before selling its stake to Walmart, could invest $300 million to $500 million of the total through its Vision Fund II, <a href=\"https://laohu8.com/S/AONE\">one</a> of the people said.</p>\n<p>Flipkart plans to raise the additional capital ahead of an initial public offering, now planned for next year, the people said. The company had targeted an IPO as soon as the fourth quarter of this year, but those plans have been delayed by the coronavirus resurgence in India.</p>\n<p>The fundraising discussions are not yet finalized and could still change, the people said.</p>\n<p>SoftBank and GIC declined to comment, while Flipkart did not immediately respond to requests for comment.</p>\n<p>The e-commerce market has boomed over the past 18 months, <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the clear beneficiaries of the pandemic. Shares of Amazon.com Inc., which competes with Flipkart in India, soared more than 70% during that period to a market value of $1.6 trillion. One of the most successful IPOs this year was South Korea’s Coupang Inc., another SoftBank-backed e-commerce provider.</p>\n<p>India has enormous potential for growth, as demonstrated during the pandemic. The population of 1.3 billion is rapidly adopting digital technologies as the standard of living rises, while traditional retailers are not as established as in markets like the U.S.</p>\n<p>That has helped fuel the interest in Flipkart from investors at the targeted $40 billion valuation. If the company makes its debut in the public markets next year as planned, it could be the largest IPO of an Indian startup.</p>\n<p>The deal would mark an unlikely return for SoftBank. The Japanese company agreed to sell its stake in Flipkart to Walmart in 2018, reaping a profit of about $1.5 billion in the span of a year.</p>\n<p>Flipkart was founded in 2007 by two former Amazon engineers and acquired by Walmart 11 years later in the American retailer’s largest acquisition ever. Walmart has since invested more than $1.5 billion in the retail platform, at the same time Amazon has pumped billions into its local business.</p>\n<p>Today, Flipkart includes the fashion retailer Myntra and Flipkart Wholesale, its digital marketplace targeted at small and medium businesses. Flipkart also owns a substantial stake in digital payments provider PhonePe.</p>\n<p>Since the beginning of the pandemic, Flipkart and its peers have expanded further into smaller Indian cities. The online retailer is increasingly seeing first-time internet users shop on Indian language versions of its service -- it currently offers 11 languages -- and also voice-enabled shopping. Annual revenues are at about $15 billion, according to one of the people, driven mostly by sales of electronics and fashion but, increasingly, also home furnishings, health care and groceries.</p>\n<p>The potential funding could help Flipkart invest in its supply chain, technology and possible acquisitions as it battles rising competition. Besides Amazon, a pair of domestic entrants are backed by two of the country’s most powerful conglomerates, Reliance Industries and Tata Group.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Flipkart Is in Talks to Raise $3 Billion From SoftBank, Sovereign Wealth Funds</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFlipkart Is in Talks to Raise $3 Billion From SoftBank, Sovereign Wealth Funds\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-07 19:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-07/flipkart-is-said-in-talks-for-3-billion-from-softbank-others?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Flipkart, the Indian e-commerce giant controlled by Walmart Inc., is in talks to raise at least $3 billion from investors including SoftBank Group Corp. and several sovereign wealth ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-07/flipkart-is-said-in-talks-for-3-billion-from-softbank-others?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CPNG":"Coupang, Inc.","AMZN":"亚马逊","QNETCN":"纳斯达克中美互联网老虎指数","WMT":"沃尔玛","09086":"华夏纳指-U","03086":"华夏纳指"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-07/flipkart-is-said-in-talks-for-3-billion-from-softbank-others?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2141233782","content_text":"(Bloomberg) -- Flipkart, the Indian e-commerce giant controlled by Walmart Inc., is in talks to raise at least $3 billion from investors including SoftBank Group Corp. and several sovereign wealth funds, according to people familiar with the matter.\nThe startup is targeting a valuation of about $40 billion and is in discussions with Singapore’s GIC Pte., Canada Pension Plan Investment Board and the Abu Dhabi Investment Authority, said the people, asking not to be named because the discussions are private. Japan’s SoftBank, which had previously backed Flipkart before selling its stake to Walmart, could invest $300 million to $500 million of the total through its Vision Fund II, one of the people said.\nFlipkart plans to raise the additional capital ahead of an initial public offering, now planned for next year, the people said. The company had targeted an IPO as soon as the fourth quarter of this year, but those plans have been delayed by the coronavirus resurgence in India.\nThe fundraising discussions are not yet finalized and could still change, the people said.\nSoftBank and GIC declined to comment, while Flipkart did not immediately respond to requests for comment.\nThe e-commerce market has boomed over the past 18 months, one of the clear beneficiaries of the pandemic. Shares of Amazon.com Inc., which competes with Flipkart in India, soared more than 70% during that period to a market value of $1.6 trillion. One of the most successful IPOs this year was South Korea’s Coupang Inc., another SoftBank-backed e-commerce provider.\nIndia has enormous potential for growth, as demonstrated during the pandemic. The population of 1.3 billion is rapidly adopting digital technologies as the standard of living rises, while traditional retailers are not as established as in markets like the U.S.\nThat has helped fuel the interest in Flipkart from investors at the targeted $40 billion valuation. If the company makes its debut in the public markets next year as planned, it could be the largest IPO of an Indian startup.\nThe deal would mark an unlikely return for SoftBank. The Japanese company agreed to sell its stake in Flipkart to Walmart in 2018, reaping a profit of about $1.5 billion in the span of a year.\nFlipkart was founded in 2007 by two former Amazon engineers and acquired by Walmart 11 years later in the American retailer’s largest acquisition ever. Walmart has since invested more than $1.5 billion in the retail platform, at the same time Amazon has pumped billions into its local business.\nToday, Flipkart includes the fashion retailer Myntra and Flipkart Wholesale, its digital marketplace targeted at small and medium businesses. Flipkart also owns a substantial stake in digital payments provider PhonePe.\nSince the beginning of the pandemic, Flipkart and its peers have expanded further into smaller Indian cities. The online retailer is increasingly seeing first-time internet users shop on Indian language versions of its service -- it currently offers 11 languages -- and also voice-enabled shopping. Annual revenues are at about $15 billion, according to one of the people, driven mostly by sales of electronics and fashion but, increasingly, also home furnishings, health care and groceries.\nThe potential funding could help Flipkart invest in its supply chain, technology and possible acquisitions as it battles rising competition. Besides Amazon, a pair of domestic entrants are backed by two of the country’s most powerful conglomerates, Reliance Industries and Tata Group.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":22,"commentSize":5,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}