Bengaluru, May 24: Flipkart on Friday 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. Google Chrome Vulnerability: CERT-In Warns Users of Vulnerabilities in Google’s Web Browser and Siemens Products; Check Details.

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. Apple To Launch Its Vision Pro Mixed Reality Headset in Nine Countries Next; Check Details.

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.

(The above story first appeared on LatestLY on May 24, 2024 07:13 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website