InvestorQ : Can you tell me about Tencent investing in Flipkart?
Sam Eswaran made post

Can you tell me about Tencent investing in Flipkart?

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Moii Chavate answered.
3 weeks ago
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Tencent has invested $264 million or a sum of Rs2,060 crore in Flipkart. They bought the stake from co-founder Binny Bansal and this takes the stake of Tencent unit to 0.72% in Flipkart. It is a 7 month old transaction but just got reported recently. The Tencent deal does not fall under the purview of “Press Note 3”, as Tencent’s stake is less than 1% in Flipkart. Flipkart is currently valued based on the last funding round at $37.6 billion.

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