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•  From Reuters:

"Indian e-commerce firm Flipkart's biggest shareholder Walmart (WMT.N) is set to infuse about $600 million in a new fundraise for the startup … The U.S. retail giant has been accelerating its growth in India since 2018, when it bought a 77% stake in Flipkart for about $16 billion, its biggest investment. Two years later, it committed to importing $10 billion of goods from India each year by 2027."

According to the story, "Flipkart is in talks to raise a total of $1 billion in fresh funds … New investors are also in talks to join the round and the latest funding is likely to value the Indian firm at a premium of about 5% to 10% to its current valuation of $33 billion … That would still be shy of the near-$38 billion valuation that the company hit in 2021."