After the latest funding rounds by Walmart and Google, Flipkart’s valuation is likely to be around $35-36 billion. This means Google would be picking up around 10% in the e-commerce firm. US-based retail giant Walmart, which picked up a majority stake in Flipkart in 2018, currently holds 80-85% stake in the latter, according to multiple startup funding tracker websites.
Walmart had acquired 77% in Flipkart in a $16-billion deal that was completed in 2018. Subsequently, it bought stakes from other early investors such as Binny Bansal, Tiger Global and Accel.
Google last year had promised to invest $10 billion in India’s efforts towards digitization. The US-based tech giant had invested $4.5 billion in Reliance Jio platform in 2020. Apart from these, Google has invested in a clutch of Indian start-ups such as ShareChat, Verse Innovation, Glance and DailyHunt.
Flipkart operates in India’s e-commerce space, which is largely dominated by Amazon.
It reported Rs 15,044 crore in revenue and a loss of Rs 4,026 crore in FY23.
Flipkart’s value to be $35-36 billion
After the latest funding rounds by Walmart and Google, Flipkart’s valuation is likely to be $35-36 billion. This means Google would be picking up around 10% in the e-commerce firm. US-based retail giant Walmart, which picked up a majority stake in Flipkart in 2018, currently holds 80-85% stake in the latter.
