Google to Invest $350M in Walmart-Owned Flipkart

Google plans to invest $350 million in Flipkart, Walmart’s e-commerce arm, to acquire a minority stake and provide cloud services.

On May 24, Flipkart, the Indian e-commerce platform owned by Walmart, announced that Google has been invited to join its latest funding round.

Flipkart

Google is set to invest approximately $350 million (about 2.538 billion RMB) to acquire a minority stake in Flipkart.

The investment agreement is subject to regulatory approval and mutual agreement on terms between the parties. As part of the deal, Google will also provide cloud services to Flipkart.

Flipkart stated, “Google’s proposed investment and cloud computing collaboration will help Flipkart expand its business and modernize its digital infrastructure to serve customers nationwide.”

This investment is part of Flipkart’s $1 billion (approximately 7.25 billion RMB) funding round initiated in 2023. Walmart has led this round, having already invested $600 million by the end of last year.

Currently, Flipkart holds a dominant position in the Indian e-commerce market, outpacing competitors like Amazon and Meesho.

Google views India as a crucial overseas market. In 2020, Google announced plans to invest $10 billion (approximately 72.5 billion RMB) in Indian businesses, including $4.5 billion in telecom operator Jio Platforms and $1 billion in Airtel.

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Google to Invest $350M in Walmart-Owned Flipkart

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