Total amount raised
$15.3 Billion
Latest funding date
12/1/2023
Location
Flipkart has successfully raised funding over 29 rounds, with the latest being a Corporate Round led by Walmart. The company is backed by 34 investors, including notable names like Google and Walmart.
Keep reading to explore the intricacies of Flipkart's fundraising journey and the investors backing this prominent e-commerce platform.
What Is Flipkart?
Flipkart, founded in 2007, is a prominent player in the e-commerce industry. Headquartered in Bengaluru, Karnataka, India, the company has grown to employ over 10,001 people.
As a leading e-commerce platform, Flipkart offers a wide range of products, including electronics, fashion, home appliances, and groceries. The company is known for its customer-centric services, such as fast delivery, easy returns, and 24x7 customer support.
How Much Funding Has Flipkart Raised?
- Corporate Round
- Amount Raised: USD 200,800,000
- Date: January 2019
- Lead Investors: Flipkart
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen its market position and expand its product offerings.
- Secondary Market
- Amount Raised: USD 14,500,000
- Date: September 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to existing shareholders.
- Corporate Round
- Amount Raised: INR 16,161,200,000
- Date: September 2019
- Lead Investors: Flipkart
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance its logistics and supply chain capabilities.
- Corporate Round
- Amount Raised: USD 28,388,400
- Date: December 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational growth and market expansion.
- Corporate Round
- Amount Raised: USD 1,200,000,000
- Date: July 2020
- Lead Investors: Walmart
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand its e-commerce footprint and invest in new technologies.
- Corporate Round
- Amount Raised: USD 62,800,000
- Date: September 2020
- Lead Investors: Tencent
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance its technological infrastructure and customer experience.
- Private Equity
- Amount Raised: USD 3,600,000,000
- Date: July 2021
- Lead Investors: CPP Investments, GIC, SoftBank Vision Fund, Walmart
- Valuation at Round: USD 37,600,000,000
- Motivation Behind the Round: To expand operations in grocery, fashion, and consumables, and enhance supply chain and logistics.
- Secondary Market
- Amount Raised: USD 264,000,000
- Date: June 2022
- Lead Investors: Tencent
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to existing shareholders and support strategic initiatives.
- Secondary Market
- Amount Raised: USD 1,400,000,000
- Date: July 2023
- Lead Investors: Walmart
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen its market position and invest in new growth opportunities.
- Corporate Round
- Amount Raised: USD 950,000,000
- Date: December 2023
- Lead Investors: Walmart
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support expansion plans and enhance technological capabilities.
Total Amount Raised: USD 7,682,488,400. Current Valuation: USD 37,600,000,000.
Key Investors
- Walmart
- Details: Walmart is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores. It acquired Flipkart in 2018 and has been a lead investor in multiple funding rounds.
- Investment Focus Areas: Retail, e-commerce, technology
- Notable Investments: Flipkart
- Tencent
- Details: Tencent is a Chinese multinational conglomerate holding company. It is one of the major investors in Flipkart, focusing on technology and internet services.
- Investment Focus Areas: Technology, internet services, gaming, social media
- Notable Investments: Flipkart
- CPP Investments
- Details: The Canada Pension Plan Investment Board (CPP Investments) is a professional investment management organization that invests the funds of the Canada Pension Plan. It is one of the major investors in Flipkart.
- Investment Focus Areas: Technology, real estate, infrastructure
- Notable Investments: Flipkart
- GIC
- Details: GIC is a sovereign wealth fund established by the Government of Singapore to manage its foreign reserves. It is a significant investor in Flipkart.
- Investment Focus Areas: Real estate, private equity, infrastructure, fixed income
- Notable Investments: Flipkart
- SoftBank Vision Fund
- Details: SoftBank Vision Fund is a venture capital fund managed by SoftBank Group, focusing on technology investments. It has been a major investor in Flipkart.
- Investment Focus Areas: Technology, artificial intelligence, robotics, telecommunications
- Notable Investments: Flipkart
What's Next for Flipkart?
Flipkart stands at the cusp of significant growth opportunities, driven by the rapid expansion of India's e-commerce market. The company is poised to leverage its recent $3.6 billion funding to enhance its supply chain, expand into new categories, and support small and medium-sized businesses, including kiranas. With the online grocery market projected to reach $22 billion by 2025, Flipkart's focus on grocery, fashion, and consumables positions it well for substantial growth.
Future fundraising opportunities appear promising, with potential listing options and continued interest from global investors. Flipkart's payments unit, PhonePe, is also exploring additional capital raises, indicating a robust pipeline for future investments. However, the company faces challenges from well-capitalized rivals like Amazon and JioMart, as well as potential regulatory changes in India. Navigating these hurdles will be crucial for Flipkart to maintain its competitive edge and achieve sustained growth.
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