Flipkart Secures $170 Mn Internal Funding from Singapore Parent Company

Funding Source:

Flipkart Internet receives INR 1,421 Cr ($170 Mn) from its Singapore-based parent company through an internal transaction.

Transaction Details:

The funding transfer occurred in two installments, with one on March 23 and another on April 6, as per official filings with the Registrar of Companies.

Second Major Injection:

This marks the second significant funding injection from the Singapore entity into Flipkart Internet, totaling approximately $282 million in 2024 alone.

Valuation Impact:

The additional investment is expected to raise Flipkart's valuation by 5-10% above its previous $33 billion valuation, with Walmart pledging $600 million in a new funding round.

Strategic Expansion:

Flipkart expands its product offerings and enters the quick-commerce sector, aiming to launch services in twelve cities and establish dark stores in major urban centers.

Diversification Efforts:

Flipkart broadens its travel services by introducing a bus booking feature, partnering with state transport agencies and private providers to offer extensive connectivity nationwide.

Value Decline:

Despite its expansion initiatives, Flipkart experiences a $5 billion value decline attributed to the demerger of fintech firm PhonePe into a separate entity.

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