Flipkart today announced to add Google as a minority investor in the e-commerce platform as part of the latest funding round led by Walmart.
The move, coming at a time when the Indian digital economy is growing at a much faster pace, is subject to receipt of regulatory and other customary approvals by both parties, the homegrown e-commerce firm said in a statement.
"Google's proposed investment and its Cloud collaboration will help Flipkart expand its business and advance the modernisation of its digital infrastructure to serve customers across the country," said the homegrown company.
Established in 2007, Flipkart has enabled millions of sellers, merchants, and small businesses to participate in India's digital commerce revolution.
Currently, it has a registered user base of more than 500 million and the marketplace offers over 150 million products across more than 80 categories.
According to the company, there are over 1.4 million sellers on the platform, including Shopsy sellers.
Earlier this week, the e-commerce platform said it has clocked 1.6 times growth (year-on-year) in its grocery business.
The company has launched 16 grocery fulfillment centres across key locations in the country.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Featured Video Of The Day
Google Pixel 9 Pro Fold Review: Jack of All Trades Google Tests Verified Check Marks in Search Results to Help Users Identify Verified Sources Transform Your Space: Grab Speakers From JBL, boAt, Boult And More At A Limited-Period Offer On Flipkart Big Billion Days Punjab AAP Leader Shot At During Argument With Akali Leader, Hospitalised On Camera, Sleeping Delhi Man Beaten For "Don't Urinate In Public" Request "If Donald Trump Doesn't Win....": Elon Musk Joins Ex US President On Stage Is It A Beginning Of #MeToo Movement In Music Industry? UP Villagers Kill Sixth And Final Wolf Ending Months-Long Operation On CCTV, Punjab Man Beats Boy, 5, For Imitating His Pet Dog Track Latest News Live on NDTV.com and get news updates from India and around the world.