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Google to invest $350M in Walmart-backed Flipkart, Reuters reports

Google (GOOGL) plans to take a minority stake worth $350M in Flipkart, valuing the Walmart (WMT)-backed Indian e-commerce firm at $37B, Reuters’ Haripriya Suresh and Ashwin Manikandan report, citing a source with direct knowledge of the matter. Google will join in as an investor in the latest funding round for Flipkart, which will be led by Walmart, according to the report.

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