Flipkart has cashed in $3.6 billion in fresh funding from promoter Walmart and a clutch of global investors that has taken the e-commerce giants' valuation to $37.6 billion. In 2018 Walmart acquired 77% stake in Flipkart at $16 billion valuing the company at $20.8 billion.
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The fund raising marks the return of SoftBank as a shareholder of Flipkart. SoftBank had taken the exit from the startup when the Bangalore-based firm sold majority stakes to Walmart in 2018.