According to TechCrunch, Walmart would help Flipkart, which was valued at USD 20.8 billion in 2018, increase its ecommerce marketplace in India, with the help of other existing investors who also participated in the new financing round.
Moreover, Flipkart’s monthly active customers surged 45% in 2020, compared to 2019, and these customers are making 30% more transactions, surpassing 1.5 billion visits per month.
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