Flipkart in talks to raise $3 bn from marquee investors at $35-bn valuation

The funding -- from SoftBank, Abu Dhabi's ADQ, CPPIB -- is expected to set the stage for Flipkart's IPO in the US by next year and increase its valuation to about $50 bn, say sources

Walmart-owned e-commerce giant Flipkart is eyeing a $50-billion valuation through its initial public offering (IPO) in the US by next year. This would be the biggest IPO in the consumer tech space in India.

To create an interim event and set the stage, the Bengaluru-based firm is in talks with investors such as Japan’s SoftBank and Sovereign wealth funds like Abu Dhabi’s ADQ and Canada Pension Plan Investment Board (CPPIB) to raise total funding of about $3 billion, according to sources. People in the know said that existing investors such as GIC and Qatar Investment Authority may also participate. The