According to a news report, Walmart is planning to raise USD 2-3 billion for its subsidiary Flipkart at an estimated more than USD 40 billion expansion in India. In July last year, Flipkart raised about USD 3.6 billion. According to the media report, it is predicted that about USD 700-800 million of this capital vestiges.

As part of Walmart’s latest fundraising strategy, investment bankers will seek out deliberate partners and enormous global investors. Flipkart’s existing value is projected to be over USD 40 billion, and it may dilute around 7% if it raises around USD 3 billion, according to the report. The e-commerce firm accepted its first capital infusion round in July last year, esteemed at around USD 37 billion since Walmart acquired a 77% stake for USD 16 billion in 2018.

The prearranged fundraising will help Flipkart to build a war chest to participate with aggressive opponents Amazon India, Reliance Industries’ Jio Mart and the Tata group. Among the investors in Flipkart’s last funding plump were the Canada Pension Plan Investment Board, GIC, SoftBank Vision Fund 2, and Walmart, the parent company of Flipkart. In its newest fundraising strategy, the report added that Walmart is considering bringing in strategic investors who can provide money and proficiency to help Flipkart stay economical in the country’s e-commerce market. During the last three years, Flipkart and Amazon became more prevalent among customers amid the Government’s Digitisation Drive and the pandemic’s preference for virtual transactions.