Chinese technology conglomerate Tencent has bought stake worth USD 264 million (about Rs 2,060 crore) in Flipkart from its co-founder Binny Bansal through its European subsidiary, according to official documents. Singapore-headquartered e-commerce firm Flipkart has operations in India only. Bansal holds around 1.84 per cent stake in Flipkart after selling part of his stake to Tencent Cloud Europe BV.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
Post the transaction, Tencent arm holds 0.72 per stake in Flipkart which is valued at around USD 264 million, as per last valuation of USD 37.6 billion disclosed by the e-commerce firm in July 2021. The company’s valuation surged to USD 37.6 billion after raising USD 3.6 billion (about ₹26,805.6 crore) in funding round led by Singapore’s sovereign wealth fund GIC, CPP Investments, SoftBank Vision Fund 2 and Walmart.
Important takeaways for all competitive exams:
Former India and East Bengal football star Ilyas Pasha passed away on January 22, 2026,…
Receivables Exchange of India Ltd (RXIL), India’s first Trade Receivables Discounting System (TReDS) platform, has…
India celebrates Republic Day every year on 26 January. This day is special because it…
India celebrates Republic Day on January 26 every year to mark the day the Constitution…
The 77th Republic Day Parade on January 26, 2026, stood out as one of the…
The Indira Gandhi Prize for Peace, Disarmament and Development 2025 has been awarded to Graca…