India Cpp Investments Tender

Canada Pension Plan Investment Board announced today that it has invested US800 million in the Flipkart Group Flipkart one of Indias leading digital commerce companies. Flipkart has raised US3.6 billion in the current funding round led by CPP Investments Walmart GIC and Softbank.One of the key investment themes for CPP Investments has been Asias domestic consumption. We believe India will be a leading source of global growth in the decades ahead supported by positive demographics a growing middle class and deepening Internet penetration said Agus Tandiono Managing Director Head of Fundamental Equities Asia CPP Investments. This investment in Flipkart builds on our program to provide long-term capital to industry leaders. We look forward to supporting Flipkarts efforts in growing Indias e-commerce market.The Flipkart Group is one of Indias leading digital commerce entities and includes group companies Flipkart Myntra Flipkart Wholesale and Cleartrip. Started in 2007 Flipkart has enabled millions of consumers sellers merchants and small businesses to be a part of Indias e-commerce revolution with a registered customer base of more than 350 million offering over 150 million products across 80 categories.At Flipkart we are committed to transforming the consumer internet ecosystem in India and providing consumers access and value. This investment by leading global investors such as CPP Investments reflects the promise of digital commerce in India and their belief in Flipkarts capabilities to maximise this potential for all stakeholders said Kalyan Krishnamurthy Chief Executive Officer Flipkart Group. As we serve our consumers we will focus on accelerating growth for millions of small and medium Indian businesses. We will continue to invest in new categories and leverage made-in-India technology to transform consumer experiences and develop a world-class supply chain.About CPP InvestmentsCanada Pension Plan Investment Board CPP Investments is a professional investment management organization that manages the Fund in the best interest of the more than 20 million contributors and beneficiaries of the Canada Pension Plan. In order to build diversified portfolios of assets investments are made around the world in public equities private equities real estate infrastructure and fixed income. Headquartered in Toronto with offices in Hong Kong London Luxembourg Mumbai New York City San Francisco So Paulo and Sydney CPP Investments is governed and managed independently of the Canada Pension Plan and at arms length from governments. At March 31 2021 the Fund totalled C497.2 billion.