[Funding News] Google Invests $350 Mn in Flipkart At $36 Bn Valuation

Google has contributed to Flipkart's $1 billion funding round, which began in December 2023. Google will become a minority investor in the company, it announced on Friday, after confirming the transaction.

In the past, Google has supported several Indian businesses in an effort to expand its Cloud services.

Google Cloud and Flipkart have been partnered since 2022. Flipkart has been utilising Google's cloud stack to expand its IT capabilities and reach a wider user base. Flipkart competes with players like Amazon and Meesho, which is sponsored by SoftBank, to cater to clients who are increasingly turning digital.

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Flipkart would be able to expand its operations and modernise its digital infrastructure to better serve customers throughout the nation with the support of Google's proposed investment and Cloud collaboration.

About Flipkart

Founded in 2007 by Sachin Bansal, Binny Bansal, Flipkart Group is one of India's leading digital commerce entities and includes group companies Flipkart, Myntra, Flipkart Wholesale, Flipkart Health+ and Cleartrip. 

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