Walmart-owned Flipkart Internet—the marketplace division of the Indian e-commerce giant—has received $262 million (Rs 2,225 crore) in internal funding from its Singapore-based parent entity, marking its second major capital infusion in just two months.
Key Highlights
- Flipkart Internet secures $262 million in funding from its Singapore-based parent
- Comes just two months after another $382 million internal funding round
- Equity shares worth Rs 2,225 crore allotted to Flipkart Marketplace Private Limited (Singapore), as per Registrar of Companies (RoC) filings
- Part of a broader capital boost, Myntra also received $125 million from FK Myntra Holdings around the same time
Strategic Moves Ahead of IPO
Flipkart appears to be bolstering its financial backbone as it prepares for a potential IPO, expected to come with a valuation in the range of $60–$70 billion, according to media reports.
- The company is in the process of shifting its domicile from Singapore to India, aligning with a growing trend among Indian unicorns
- Other companies making similar moves include:
Ownership and Valuation Snapshot
According to startup data platform TheKredible:
- Walmart owns 85% of Flipkart Internet, which includes its affiliates:
- Other notable shareholders:
- Tencent
- CPP Investments
- GIC
- SoftBank
- Microsoft
Current valuation of Flipkart: Approximately $36 billion
Financial Performance (FY 2024)
Flipkart has shown notable improvements in its financial health during the last fiscal year:
- Operating revenue rose by 20% to Rs 17,907 crore
- Losses reduced by over 41%, down to Rs 2,359 crore
This performance sets a strong foundation for investor confidence ahead of its IPO plans.
