People familiar with the matter said today that Google will invest 350 million US dollars in Flipkart, an Indian e-commerce platform supported by Walmart, and obtain minority shares, valuing it at about 37 billion US dollars. Google and Flipkart have yet to comment on the exact value of this investment. But Flipkart confirmed in a statement that Google will join its latest round of funding. This round of financing will be led by Walmart, Flipkart's largest shareholder, and Google will receive a minority stake. Flipkart also stated in a statement: “Google's investment and collaboration in cloud computing will help Flipkart expand its business and modernize digital infrastructure to better serve customers.” (Sina Technology)