Key Takeaways:
- Flipkart, an Indian e-commerce giant, has successfully raised $1.4 billion in its recent fundraise.
- The funding round was on the secondary market, with Walmart as the lead investor.
- Flipkart is now valued at over $14 billion with this recent injection of capital.
- This marks the 27th funding round for the online shopping mammoth.
Indian e-commerce giant Flipkart just closed a staggering $1.4 billion fundraising round. The funding was primarily from the secondary market, bringing their total funding amount to an impressive $14 billion. The leading investor was none other than retail titan, Walmart.
Founded in Bengaluru, Karnataka, India, Flipkart operates an online shopping website boasting over 100 million registered customers. Additionally, Flipkart has been a major player in the E-Commerce, Internet, Marketplace, and Shopping industry across Asia.
To understand more about Flipkart’s performance, history, and involvement with investors, visit their Crunchbase profile.
This notably marks the 27th fundraising round for the e-commerce powerhouse, further solidifying its standing as a dominant force in the internet marketplace arena.
This round of funding, dated July 31, 2023, further propels Flipkart’s standing within the e-commerce sector. With a significant investment from Walmart and an ever-increasing customer base, Flipkart continues its trend of impressive expansion and substantial financial backing.
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