Google Invests $350 Million in Flipkart, Valuing E-Commerce Giant at $37 Billion

The investment will support Flipkart's digital infrastructure modernization and expansion across India, pending regulatory approvals.

Google acquires a minority stake in Flipkart as part of a $1 billion funding round led by Walmart.
Flipkart aims to enhance its business operations and digital infrastructure through Google's cloud services.
The Indian e-commerce market is projected to reach $133 billion by next year, with Flipkart holding a 48% market share.
Walmart increased its stake in Flipkart to 77% after a $1.4 billion purchase from Tiger Global.
Flipkart's IPO plans remain under discussion as it competes with Amazon and Reliance Retail in India.