Google goes shopping, investing $350 million in Flipkart

Google is investing $350 million as part of a nearly $1 billion funding round led by Flipkart's parent company, Walmart, putting Flipkart's valuation at $37 billion.

What does each company get for the investment?

• Flipkart gets access to Google's cloud technology to stay competitive

• Google, on the other hand, gains a foothold in Indian ecommerce estimated to be worth over $133 billion by next year.

Flipkart is excited about the partnership. In 2022, their numbers included:

• 400 million users

• 150 million products in 80 categories

While the deal awaits regulatory approval, industry analysts are already buzzing with anticipation.