Google to buy $350m stake in India's Flipkart, valuing e-commerce firm at $37b

Google to buy $350m stake in India's Flipkart, valuing e-commerce firm at $37b

FILE PHOTO: The logo of Flipkart is seen on the company's office in Bengaluru, India, May 9, 2018. REUTERS/Abhishek N. Chinnappa/File photo

Alphabet’s Google will pick up a minority stake worth $350 million in Walmart-backed Flipkart, valuing the Indian e-commerce firm at $37 billion, a source with direct knowledge of the matter told Reuters.

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