Total amount raised
$15.3 Billions
Latest funding date
Location
Title
Flipkart has successfully raised significant funding over multiple rounds, attracting notable investors such as Google and Walmart. The platform offers a diverse range of products, from electronics to groceries, making it a key player in the e-commerce sector.
Keep reading to explore the intricacies of Flipkart's fundraising journey and the investors backing this influential platform.
What Is Flipkart?
Flipkart, founded in 2007 by Binny Bansal and Sachin Bansal, is headquartered in Bengaluru, India. The company has grown to become a leading e-commerce platform in the country, offering a wide range of products from electronics to groceries.
With over 33,000 employees, Flipkart operates an extensive online marketplace that caters to millions of customers. The platform provides various services, including Flipkart Plus, No Cost EMI, and Mobile Exchange Offers.
In 2018, Walmart acquired Flipkart for $16 billion, further solidifying its position in the global e-commerce market. The acquisition has enabled Flipkart to expand its reach and enhance its offerings.
How Much Funding Has Flipkart Raised?
- Corporate Round
- Amount Raised: $200.8M
- Date: January 2019
- Lead Investors: Flipkart
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen its market position and invest in technology.
- Secondary Market
- Amount Raised: $14.5M
- Date: September 2019
- Lead Investors: Not disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Corporate Round
- Amount Raised: ₹16.2B
- Date: September 2019
- Lead Investors: Flipkart
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand its product offerings and improve logistics.
- Corporate Round
- Amount Raised: $28.4M
- Date: December 2019
- Lead Investors: Not disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance its technological infrastructure.
- Corporate Round
- Amount Raised: $1.2B
- Date: July 2020
- Lead Investors: Walmart
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and compete with rivals.
- Corporate Round
- Amount Raised: $62.8M
- Date: September 2020
- Lead Investors: Tencent
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To invest in new technologies and expand market reach.
- Private Equity Round
- Amount Raised: $3.6B
- Date: July 2021
- Lead Investors: CPP Investments, GIC, SoftBank Vision Fund, Walmart
- Valuation at Round: $37.6B
- Motivation Behind the Round: To help small- and medium-sized businesses grow and invest in new categories and technologies.
- Secondary Market
- Amount Raised: $264M
- Date: June 2022
- Lead Investors: Tencent
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to shareholders and employees.
- Secondary Market
- Amount Raised: $1.4B
- Date: July 2023
- Lead Investors: Walmart
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand its market presence and enhance product offerings.
- Corporate Round
- Amount Raised: $950M
- Date: December 2023
- Lead Investors: Walmart
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further solidify its market position and invest in growth initiatives.
Flipkart has raised a total of $8.66B with a current valuation of $37.6B.
Key Investors
- Walmart
- Details: Walmart is a multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores. It acquired Flipkart for $16 billion in 2018.
- Investment Focus Areas: Retail, e-commerce, supply chain management.
- Notable Investments: Flipkart, Jet.com, Bonobos.
- SoftBank Vision Fund
- Details: SoftBank Vision Fund is a venture capital fund managed by SoftBank Group, focusing on technology investments. It has re-invested in Flipkart after previously selling its stake to Walmart in 2018.
- Investment Focus Areas: Technology, AI, robotics.
- Notable Investments: Paytm, Oyo, Uber.
- GIC
- Details: GIC is a sovereign wealth fund established by the Government of Singapore to manage its foreign reserves. It led the recent $3.6 billion funding round for Flipkart.
- Investment Focus Areas: Real estate, private equity, infrastructure.
- Notable Investments: Ant Financial, Airbnb, Blackstone.
- Canada Pension Plan Investment Board (CPP Investments)
- Details: CPP Investments is a professional investment management organization that invests the funds of the Canada Pension Plan. It co-led the recent funding round for Flipkart.
- Investment Focus Areas: Public equities, private equities, real estate, infrastructure.
- Notable Investments: Enbridge, Alibaba, Glencore.
- Tencent
- Details: Tencent is a Chinese multinational conglomerate holding company, known for its investments in internet-related services and products. It has participated in multiple funding rounds for Flipkart.
- Investment Focus Areas: Technology, internet services, gaming, social media.
- Notable Investments: JD.com, Meituan, Epic Games.
What's Next for Flipkart?
Flipkart's future looks promising as it leverages the rapid growth of India's digital commerce sector. With a recent $3.6 billion funding round, the company is poised to expand its reach, particularly in the grocery and fashion segments. The online grocery market alone is projected to hit $22 billion by 2025, offering substantial growth potential.
Future fundraising opportunities are likely, with Flipkart exploring listing options and attracting continued interest from global investors. However, the company faces significant challenges, including fierce competition from Amazon and JioMart and navigating new e-commerce regulations in India. Maintaining its growth momentum will require strategic investments and agile adaptation to market changes.
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