GIC, Canada Pension Plan Investment Board, SoftBank Vision Fund 2 and Walmart led a $3.6bn funding round in Flipkart.

GIC, Canada Pension Plan Investment Board, SoftBank Vision Fund 2 and Walmart led a $3.6bn funding round in Flipkart, India’s homegrown consumer internet ecosystem, with participation from DisruptAD, Qatar Investment Authority, Khazanah Nasional Berhad, Tencent, Willoughby Capital, Antara Capital, Franklin Templeton and Tiger Global. "SoftBank’s re-investment in Flipkart is driven by our experience with and conviction in the company’s management team to continue addressing the needs of the Indian consumer in the decades to come. From our platform as one of the largest Asian eCommerce investors, SoftBank has a broad lens on the fundamental trends shaping digital commerce in the region. The opportunity to meet consumer demand for high-quality selection at low prices and a young population make online consumption critical to India’s quest for the ‘$5tn economy’ that Flipkart’s growth story has been enabling," Lydia Jett, SoftBank Partner.