Walmart leads an additional $1.2B investment in India's Flipkart to increase its majority stake, valuing Flipkart at $24.9B post-money (Manish Singh/TechCrunch)

Manish Singh / TechCrunch:
Walmart leads an additional $1.2B investment in India's Flipkart to increase its majority stake, valuing Flipkart at $24.9B post-money  —  Walmart is increasing its majority-stake in Flipkart by leading a new $1.2 billion financing round in the Indian e-commerce giant.