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Home » Photo Gallery » Flipkart

Flipkart Valuation Surges to USD 37.6 Billion After Raising USD 3.6 Billion

New Delhi: Flipkart Group today announced that it has raised USD 3.6 billion in funding. With this, the valuation of Flipkart is estimated at USD 37.6 billion post-money. Flipkart continues to grow and advance the digital commerce ecosystem in India. The fundraise demonstrated significant interest from global investors, including sovereign funds, private equity and crossovers in addition to Walmart, said a company statement, as per IANS report.

Last updated on - July 12, 2021, 4:08 PM IST
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Flipkart Valuation 2021
Image credit: IANS

Flipkart Valuation 2021

This round of funding was led by financial investors GIC, Canada Pension Plan Investment Board (CPP Investments), SoftBank Vision Fund 2 and Walmart, along with investments from sovereign funds DisruptAD, Qatar Investment Authority, Khazanah Nasional Berhad, and marquee investors Tencent, Willoughby Capital, Antara Capital, Franklin Templeton and Tiger Global, as per the IANS report.

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Flipkart India
Image credit: IANS

Flipkart India

The company statement said that this investment reflects global investor confidence in digital commerce in India, which has continued to accelerate over the last year when access to products safely and convenience took priority, the IANS report says.


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