Flipkart Raises $3.6 Billion As Competition Intensifies; Valuation Jumps To $37.6 Billion
07/12/21, 6:28 AM
Money raised
$3.6 billion
Ecommerce major Flipkart has raised $3.6 billion in a new round of funding that will give it a massive firepower to expand online shopping in India and take on rivals like Amazon, Reliance Industries (RIL) and the Tata Group.
Company Info
Additional Info
At the time, Flipkart was valued at just under $24.9 billion, 13% higher compared to $22 billion ascribed to it three years ago. Post the financing, the company will be valued at over $37.6 billion up from $24.9 billion it commanded a year ago in an internal round led by Walmart.