India, April 16 -- Ecommerce giant Flipkart is exploring raising a pre-IPO round of $2 Bn to $2.5 Bn from Indian and foreign investors. 

The company has held meetings with multiple investment bankers in recent months, Moneycontrol reported, citing sources. However, the final call on the potential mega round will be taken by Walmart, which owns 80% of Flipkart and might not want to dilute its stake prior to a much-anticipated IPO. 

Flipkart didn't respond to Inc42's queries on the development till the time of publishing this story. It, however, told Moneycontrol that it doesn't comment on market speculation and remains focused on "strengthening its business and long-term growth".

The report added that Flipkart Group CEO Kalyan...