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Name. Tencent, eBay and Microsoft have made investments aggregating to $1.4 billion in Flipkart, India’s leading online marketplace. 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. Cash On Delivery! NEW! In July 2019. 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. Online retailer is facing challenges from coronavirus and rivals. Share on. In July, Flipkart also raised $1.2bn in fresh funding with Walmart as its lead investor. USPL is a youth-oriented fashion brand, and the investment from Flipkart is expected to bring greater synergies between the two companies. India-China standoff: Flipkart, Paytm invite Twitterati's wrath over Chinese investment Chinese investors have pumped in over $5 billion in the Indian startup ecosystem so far. Post Your Comment. On Wednesday, Flipkart declined to … Tencent has invested $62.8 million in Indian e-commerce giant Flipkart, according to filings sourced by paper.vc. Retail giant Walmart currently holds about 82% of Flipkart, after having acquired a 77% stake in Flipkart for $16 billion, two years ago. Walmart leads $1.2bn investment into India’s Flipkart. Only Genuine Products. The company initially focused on online book sales with country-wide shipping. Following its launch, Flipkart slowly grew in prominence; by 2008, it was receiving 100 orders per day. 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. The funding was a part of Flipkart’s $1.2 billion round. ... TikTok Sale in Turmoil After China Updates Tech Export Rules 470 crore) into Flipkart according to regulatory filings made by the Walmart-owned ecommerce company in Singapore. Following months of rumors, Indian e-commerce giant Flipkart has confirmed that it has raised $1.4 billion in new funding at a post-money valuation of $11.6 billion to battle Amazon and Alibaba. Priyanka Sahay Flipkart-rival Amazon recently received an investment from its parent Flipkart on Tuesday closed an additional $1.2 billion (roughly Rs. Binny Bansal China Investment Corporation CIC Flipkart Karandeep Singh Tapan Kumar Das. Tags: Amid the border dispute with China, the Indian government has recently banned 59 Chinese apps, including TikTok, Camscanner, and Likee. 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 Flipkart Gets Additional $62.8 Mn Investment From Tencent Amid India-China Volatility Tencent, the Chinese tech conglomerate, has invested USD 62.8 Mn in Indian eCommerce giant Flipkart through its Singapore based parent company Flipkart Pte. ; The investment from Tencent comes at a time when Chinese … 9,048 crores) equity round led by … Earlier in July this year, Flipkart raised $1.2 billion in a … Strengthening China's and India's Trade and Investment Ties to the Middle East and North Africa by Pigato Miria from Flipkart.com. The SoftBank investment is a continuation of that funding round. Email Address. It provides books, movies, music, games, consoles, gaming accessories, mobiles, mobile accessories, cameras, camera accessories, computers, computer accessories, network components, software, peripherals, home and kitchen appliances, TV, and video Bitcoin's fertile functioning has not on the loose the notice of wall in Street analysts, investors and companies. India companies including Flipkart and Paytm gets investment from China: Know here all about it. Bitcoin flipkart is on cut across to be one and only of the best performing assets of 2020 as the chart below shows. The development comes about two weeks after Chinese technology giant Tencent reportedly infused $62.8 million into Flipkart as part of the ongoing $1.2 billion funding round. Walmart has roped in investment bank Goldman Sachs to explore the Flipkart IPO plan, according to a Mint report. China's Investment in Numbers. Walmart's Flipkart Investment May Have Already Grown 50% And it's taking a big step to unlock even more value from the deal. Required, will not be published. Flipkart received 1.2 billion investment … 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. Flipkart added that the partial spin-off involved a $700 million investment being raised by PhonePe in primary capital from Walmart and other existing Flipkart investors. Breaking News. Filings were sourced from business intelligence platform Paper.vc that says Tencent owns 4-5.3% in Flipkart Pte, the Singapore-based holding company. 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. The Properties of flipkart Bitcoin: After the analytical Review of the medium are we to unquestionable Entschluss came: The numerous Pluses make the purchase decision Extremely easy. That round valued Flipkart at $24.9bn. Comment. Tencent’s stake in Flipkart is estimated to be between 4%-5.3% currently. Earlier in July this year, Flipkart had also announced Rs 260 crore investment into Arvind Fashion's subsidiary brand Arvind Youth which owns the brand 'Flying Machine'. 0 claps +0 . 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. Walmart had announced a $1.2-billion infusion into Flipkart in July, but no filings in connection with that announcement have yet been made. Amid tensions with China, India warns Amazon, Flipkart over country of origin rule. Walmart owns more than three-quarters of Flipkart, following a $16 billion investment in 2018 that valued the company around $21 billion. Free Shipping. T he biggest investment in Flipkart’s 10-year history comes at an opportune moment for e-commerce in India. At present, the anti-China sentiment is at its peak. Required. This advice linear unit an old Chinese proverb is almost appropriate. 30 Day Replacement Guarantee. Flipkart was founded in October 2007 by Sachin Bansal and Binny Bansal, who were both alumni of the Indian Institute of Technology Delhi and formerly worked for Amazon. PUBG ended up being banned in India for being owned by China’s Tencent, but that hasn’t stopped the company from investing in a major Indian startup. 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. The Flipkart investment could be a part of the $1.2 billion investment round led by its parent company Walmart. 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. The extra investment will give PhonePe a valuation of $5.5 billion, with Flipkart continuing to be PhonePe’s majority shareholder. Flipkart is an e-commerce marketplace that offers over 30 million products cross 70+ categories. The investment is most likely part of Walmart-led $1.2 billion infusion in Flipkart announced in July. 0 claps +0 . By 9Scroob Team. According to Paper.vc, the funding is possibly part of the broader Walmart-led investment of $1.2 billion announced in July. Moreover, atleast 18 of the top 30 startups in India are being backed by Chinese investors. 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