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The Abu Dhabi Sovereign Fund to invest $500 million in Flipkart, an Indian grocer

As per Bloomberg’s report, The Abu Dhabi Sovereign Fund, a state investment firm, might invest in the Indian e-grocer Flipkart. Flipkart is in talks with ADQ and the latter is planning to inject funds worth $500M. Flipkart, owned by Walmart, would value about $30 to $40 Billion if this deal with ADQ is sealed. The Indian grocer is looking to attract investors from Singapore and Canada to seek funds worth $3 Billion and with this deal, the company might raise about $3.75B.

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