Flipkart has raised $382 million in internal funding from its Singapore-based parent entity. The funding is aimed at enhancing its e-commerce offerings.
Flipkart has raised $382 million in internal funding from its Singapore-based parent entity. The funding is aimed at enhancing its e-commerce offerings.
04/02/25, 12:55 PM
Location
indiaMoney raised
$382 million
Investors
Walmart
Flipkart Internet, the marketplace arm of Walmart-backed Flipkart, has received Rs 3,249 crore (approximately $382 million) in internal funding from its Singapore-based parent entity. The funding was raised through the issuance of equity shares on a right issue basis. This funding event highlights Walmart's ongoing commitment to supporting Flipkart's growth in the e-commerce market. The company reported significant growth in operating revenue and a reduction in losses for the fiscal year ended 2024.
Company Info
Company
Flipkart
Location
india
Additional Info
At the time, Flipkart was valued at just under $25 billion, over 13% higher compared to $22 billion that it commanded three years ago. Flipkart’s latest funding, was led by Canada’s CPPIB, SoftBank Vision Fund, along with participation from existing backers like Singapore government’s sovereign wealth fund GIC, Qatar Investment Authority and Walmart, post which the company is has now been valued at over $37.6 billion.