Google invests in Walmart-owned Flipkart ...Middle East

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Flipkart has more than 500 million registered users and over 1.4 million sellers. Credit: viewimage via Shutterstock.com. Flipkart, Walmart-owned Indian e-commerce marketplace, has secured an investment from multinational technology company Google.   The retailer, which released a brief statement on its website, said that it will add Google as a minority investor.  Flipkart did not disclose the value of the investment, but a report from Reuters said that the technology giant is investing $350m, valuing the Indian e-commerce firm at $37bn.  The investment is part of a nearly $1bn funding round initiated by Flipkart

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