Flipkart's valuation crosses $37.6 bn after raising $3.6 bn in funding

Flipkart is now among the 10 largest e-commerce companies in the world by valuation, according to experts

E-commerce giant Flipkart Group has carved a niche for itself in the global league by raising $3.6 billion, including from SoftBank, which had exited the firm, valuing the company at $37.6 billion, which is more than a 50 per cent rise in a year.

Last July Walmart led a $1.2-billion round in Flipkart, valuing the e-commerce firm at $24.9 billion.

The funding, by far the largest by any in the Indian start-up ecosystem, was led by financial investors GIC, Canada Pension Plan Investment Board (CPP Investments), SoftBank Vision Fund 2, and Walmart, along with investment from sovereign funds DisruptAD, the