Required, will not be published. Walmart's Flipkart Investment May Have Already Grown 50% And it's taking a big step to unlock even more value from the deal. Post Your Comment. Bitcoin's fertile functioning has not on the loose the notice of wall in Street analysts, investors and companies. That round valued Flipkart at $24.9bn. Bengaluru: Chinese gaming and social media group Tencent has invested $62.8 million in Flipkart's $1.2 billion round, regulatory filings in Singapore showed. Unfortunately for Flipkart, Ola and Paytm, the American and Chinese giants are all in India, and all of them are bidding for a much smaller pool of ‘interesting’ startups. With the last funding, Tencent, the Chinese firm, will own a 4 to 5.3% stake in Flipkart; even though the investment is small in the giant, it came amidst border standoff between the two countries. A source named Gateway House has estimated around $4 billion of investments have been done by them in India's technology based Startups in 2019 while $2 billion investment was done in the year 2018. Tencent, eBay and Microsoft have made investments aggregating to $1.4 billion in Flipkart, India’s leading online marketplace. T he biggest investment in Flipkart’s 10-year history comes at an opportune moment for e-commerce in India. Binny Bansal China Investment Corporation CIC Flipkart Karandeep Singh Tapan Kumar Das. Tencent’s stake in Flipkart is estimated to be between 4%-5.3% currently. At present, the anti-China sentiment is at its peak. Priyanka Sahay Flipkart is an e-commerce marketplace that offers over 30 million products cross 70+ categories. Earlier in July this year, Flipkart raised $1.2 billion in a … On Wednesday, Flipkart declined to … ... TikTok Sale in Turmoil After China Updates Tech Export Rules Flipkart received 1.2 billion investment … Flipkart’s cofounders — IIT-Delhi classmates who teamed up in 2007 to sell books online — have, in a decade, built a company that was valued at about $11.6 billion in April 2017 when it raised $1.4 billion in funding from eBay, China’s Tencent and Microsoft. Retail giant Walmart currently holds about 82% of Flipkart, after having acquired a 77% stake in Flipkart for $16 billion, two years ago. The investment comes amid Sino-India tensions, including the Chinese app ban and the changes to the foreign direct investment (FDI) norms and pre-clearance mechanisms on investments from China. Moreover, atleast 18 of the top 30 startups in India are being backed by Chinese investors. Online retailer is facing challenges from coronavirus and rivals. At a time when Chinese investments are under fire in India, Tencent has invested $62.8 million in Indian e-commerce giant Flipkart, according to filings sourced by paper.vc. Amid heightened tensions between China and India, Flipkart just landed $62.8 million investment from the Chinese internet giant Tencent in another funding round, reports suggest. Amid tensions with China, India warns Amazon, Flipkart over country of origin rule Indian government has also banned 177 Chinese apps since June Reuters October 19, 2020 The investment is most likely part of Walmart-led $1.2 billion infusion in Flipkart announced in July. Walmart had announced a $1.2-billion infusion into Flipkart in July, but no filings in connection with that announcement have yet been made. Flipkart-rival Amazon recently received an investment from its parent Flipkart on Tuesday closed an additional $1.2 billion (roughly Rs. China's Investment in Numbers. 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