FILE PHOTO: Woman with smartphone is seen in front of displayed Flipkart logo in this illustration taken, July 30, 2021. REUTERS/Dado Ruvic/Illustration
(Reuters) - Walmart Inc-backed Flipkart is considering raising $2 billion to $3 billion at a valuation of more than $40 billion to expand its product range in India and challenge rivals, Mint reported on Tuesday, citing two people with direct knowledge of the matter.
Walmart and Flipkart did not immediately respond to Reuters' requests for comment.
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