Friday, 24 March, 2023
Abu Dhabi’s ADQ may invest $500 mn in India's Flipkart: Reports
<p>ADQ, the sovereign wealth fund of Abu Dhabi, is in talks to invest $500 mn in India's e-commerce platform Flipkart. The fundraising, according to insiders, will happen ahead of the Walmart-owned platform's mega IPO in 2022. Flipkart is looking to raise at least $3 bn from SoftBank Group, Singapore’s GIC, and Canada Pension Plan Investment Board and may decide to raise as much as $3.75 bn due to strong investors demand, according to the news reports.</p> <p> </p>
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