Flipkart valuation declines over ₹41,000 crore in two years: Major reasons why
9 months ago

Flipkart valuation declines over ₹41,000 crore in two years: Major reasons why

Hindustan Times  

Flipkart's valuation has declined by $5 billion or around ₹41,000 crore as of January 2024 compared to January 2022, as per equity transactions carried out by its US-based parent firm Walmart. The company's ownership of Flipkart increased from approximately 75 per cent as of January 31, 2023, to approximately 85 per cent as of January 31, 2024.” Flipkart valuation: A mobile phone showing an image of Indian online retailer Flipkart is seen in front of a Walmart Inc logo displayed. Additionally, Walmart diluted 8 per cent equity in Flipkart for USD 3.2 billion in fiscal year 2022 and increased its shareholding by 10 per cent to approximately 85 per cent by paying USD 3.5 billion. Flipkart countered the decrease in valuation shown as per Walmart's report and termed it an "appropriate adjustment", saying as per news agency PTI, “This interpretation is incorrect.

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History of this topic

Flipkart sets sights on IPO launch within 12-15 months: Report
Trending News
2 weeks ago

Flipkart sets sights on IPO launch within 12-15 months: Report

India Today  

Flipkart which is valued at $36 billion, is preparing to launch its initial public offering within the next 12-15 months, reported The Economic Times. The US retail giant has consistently expressed confidence in Flipkart’s growth potential, with executives highlighting strong performance in flagship events like the Big Billion Days sale. But now there's strong growth both in Flipkart and in …

Flipkart Big Billion Days 2024 Sale: Best Deals On Smartphones, Motorola, Realme & More
3 months ago

Flipkart Big Billion Days 2024 Sale: Best Deals On Smartphones, Motorola, Realme & More

ABP News  

Flipkart Big Billion Days 2024 Sale: Flipkart has officially unveiled its largest sale of the year, the Big Billion Days 2024. Flipkart Big Billion Days 2024 Sale: Best Deals On Smartphones Flipkart has announced that Motorola Edge 50 Neo will be available during this sale at a price of Rs 22,999. As for Realme, the Realme P2 Pro 5G during …

PhonePe and Flipkart IPO may come in two years, Walmart executive says
6 months, 2 weeks ago

PhonePe and Flipkart IPO may come in two years, Walmart executive says

Hindustan Times  

PhonePe and Flipkart IPOs may come in two years, with PhonePe’s IPO likely coming before that of Flipkart, according to a Reuters report. PhonePe has a market share of 51% in India's digital payments ecosystem "This is something we're looking at over the next couple of years,” Walmart’s executive vice president for corporate affairs, Dan Bartlett, told Reuters on the …

Walmart Exec Says PhonePe, Flipkart IPOs Could Take A While, Payments Portal To Be Placed On Offer First: Report
6 months, 2 weeks ago

Walmart Exec Says PhonePe, Flipkart IPOs Could Take A While, Payments Portal To Be Placed On Offer First: Report

ABP News  

E-commerce platform, Flipkart, and digital payments portal, PhonePe, could reportedly take some years to come out with their maiden public offerings, a senior executive at Walmart said recently. Speaking at the shareholder meeting of the firm nears its headquarters in Arkansas on Thursday, Dan Bartlett, Executive Vice President for Corporate Affairs, Walmart, noted that the initial public offerings of both …

Flipkart valuation declines by over Rs 41,000 cr in two years
9 months, 1 week ago

Flipkart valuation declines by over Rs 41,000 cr in two years

New Indian Express  

NEW DELHI: E-commerce firm Flipkart's valuation has declined by USD 5 billion or around Rs 41,000 crore as of January 2024 compared to that in January 2022, according to equity transactions carried out by its US-based parent firm Walmart. The valuation of the e-commerce firm declined to USD 35 billion as of January 31, 2024, from USD 40 billion in …

Flipkart, Swiggy to cut jobs as part of restructuring
10 months, 4 weeks ago

Flipkart, Swiggy to cut jobs as part of restructuring

New Indian Express  

BENGALURU: Both Flipkart and Swiggy are reportedly letting go of 1,000 and 400 employees, respectively, as part of their restructuring exercise. Though mails to both the companies did not elicit any response, sources said Flipkart will let go of a few employees as part of its annual restructuring and that the number is not yet fixed. Flipkart had previously imposed …

Flipkart Layoff: Ecommerce player set to let go 1,500 employees | Know-why
11 months, 2 weeks ago

Flipkart Layoff: Ecommerce player set to let go 1,500 employees | Know-why

India TV News  

Flipkart, one of the popular e-commerce platforms of India is reportedly planning to reduce its workforce by 5-7 per cent in early 2024 which may affect nearly 1,500 employees. E-commerce major Flipkart had a total revenue of Rs 56,013 crore in the 2023 financial year, according to data from business intelligence platform Tofler. The company reported a net loss of …

Flipkart to lay off 5-7% workforce, performance-based job cuts in March: Report
11 months, 2 weeks ago

Flipkart to lay off 5-7% workforce, performance-based job cuts in March: Report

Hindustan Times  

E-commerce giant Flipkart is planning to cut around 5-7 per cent of jobs due to performance based reviews and restructuring withing the company, reported The Times of India. Flipkart is planning to better utilise its resources across old and new businesses, said sources. Flipkart IPO in the works While the company is planning restructuring projects to keep the ship afloat, …

Flipkart Big Billion Days Sale 2023: Details on bank offers
1 year, 3 months ago

Flipkart Big Billion Days Sale 2023: Details on bank offers

Live Mint  

The Flipkart Big Billion Days Sale for 2023 is gearing up for its Big Billion Days Sale 2023 right before the festive season. Before revealing the exact sale dates, the online shopping website owned by Walmart is giving a sneak peek of the special discounts you can get if you use certain bank cards or choose to pay in installments. …

Flipkart Big Billion Days Sale 2023 coming soon: Schedule, offers and more
1 year, 3 months ago

Flipkart Big Billion Days Sale 2023 coming soon: Schedule, offers and more

Live Mint  

Walmart owned Flipkart has teased its upcoming Flipkart Big Billion Days 2023 Sale on the platform. The sale is often considered a high time revenue generation chance for the e-commerce platform and potential customers in India also wait for it. As per the previous sale trends, Flipkart usually offers heavy discounts on several categories, including home appliances, furniture, electronics, gadgets, …

Flipkart Big Saving Days sale starts on May 5: iPhone 13, Galaxy F14 5G and more to get massive discount
1 year, 7 months ago

Flipkart Big Saving Days sale starts on May 5: iPhone 13, Galaxy F14 5G and more to get massive discount

India Today  

Flipkart is all set to host its Big Saving Says Sale on its platform and the company is promising to offer massive discounts on phones. The iPhone 13, Samsung Galaxy F14 5G, Realme C55, Pixel 6a, and other phones will receive discounts during Flipkart’s latest Big Saving Days Sale. The listing for the sale confirmed that the Pixel 6a will …

Nearly 5,000 Of Flipkart's Senior Staff Will Not Get An Annual Increment This Year: Report
1 year, 10 months ago

Nearly 5,000 Of Flipkart's Senior Staff Will Not Get An Annual Increment This Year: Report

ABP News  

Nearly 5,000 senior staff of e-commerce major Flipkart will not receive an annual increment in salaries this year. According to a report by Moneycontrol on February 22, the company in an email to employees said that only 70 per cent of employees will get an annual increment. However, it added that bonus payouts and employee stock option allotments are on …

Flipkart Big Saving Days sale begins: Deals on smartphones under ₹20,000
2 years ago

Flipkart Big Saving Days sale begins: Deals on smartphones under ₹20,000

Live Mint  

Flipkart Big Saving Days sale is now live. If you are on a budget and want to to buy a new phone, then here’s a list of phones under ₹20,000 that you can buy Poco X4 Pro 5G Poco X4 Pro 5G with 6GB RAM and 128GB storage capacity is selling at ₹16,999 on Flipkart. The smartphone comes powered by …

Flipkart Big Saving Days sale: Moto G52, Pixel 6a, and more
2 years ago

Flipkart Big Saving Days sale: Moto G52, Pixel 6a, and more

India Today  

Flipkart has begun its Big Saving Days sale event on its platform and is offering big discounts on several 5G phones in 2022. Flipkart Big Saving Days sale begins: 5G phone deals The price of the Pixel 6a has dropped even more with the latest Flipkart Big Saving Days sale. The Nothing Phone price has also dropped to Rs 27,499 …

Flipkart Big Billion Days 2022 Sale: Deals on top-rated smartphones
2 years, 2 months ago

Flipkart Big Billion Days 2022 Sale: Deals on top-rated smartphones

Live Mint  

Flipkart Big Billion Days Sale 2022 has entered its second day. {{^adFree}} {{/adFree}} Here are some of the great deals on top-rated smartphone brands: Apple iPhone 13 The iPhone 13 is currently available at Flipkart Big Billion Days 2022 Sale at ₹57,990 for the 128GB storage variant. It comes with an exchange deal by upto ₹16,900 and an additional discount …

Flipkart Big Billion Days sale: Check out deals on smartphones under ₹15,000
2 years, 2 months ago

Flipkart Big Billion Days sale: Check out deals on smartphones under ₹15,000

Hindustan Times  

The Flipkart Big Billion Days sale started on September 23 and will last till September 30. Here are five smartphones which you can buy for less than ₹15,000 during the Flipkart Big Billion Days sale. Samsung Galaxy F23 5G has a 5,000 mAh battery and features an eight megapixel front camera. Poco M4 Pro This smartphone is being sold at …

Flipkart Big Billion Days sale starts soon: Pixel 6a, Nothing Phone (1), and more to get price cut
2 years, 3 months ago

Flipkart Big Billion Days sale starts soon: Pixel 6a, Nothing Phone (1), and more to get price cut

India Today  

Flipkart Big Billion Days sale is expected to begin in the coming days. Popular devices like Pixel 6a, Oppo Reno 8, Nothing Phone, and more will be getting big discounts during Flipkart Big Billion Days sale. Flipkart’s sale page shows that the Nothing Phone can be bought at an effective price of Rs 28,999, which is down from Rs 33,999. …

Last day of Flipkart Mobile Big Saving Days sale: Details on best offers
2 years, 4 months ago

Last day of Flipkart Mobile Big Saving Days sale: Details on best offers

Live Mint  

Flipkart announces ‘Mobile Savings Days July 2022’ offering great deals on a range of latest smartphones and accessories. The maximum discount on an Apple phone is on the 128GB variant of the iPhone 12 which is now available at INR 51,999 instead of INR 65,900. Here are the prices of some of the best deals on smartphones during the Mobile …

Flipkart’s ‘Pay Later’ doubles customer base to over 6 million in 7 months
2 years, 7 months ago

Flipkart’s ‘Pay Later’ doubles customer base to over 6 million in 7 months

The Hindu  

Flipkart, a homegrown e-commerce marketplace, said it has witnessed a strong customer adoption of its 'Pay Later' facility with a user base doubling to over six million in the last seven months. Dheeraj Aneja, SVP & Head – Fintech and Payments Group, Flipkart, said, “As per research, the Buy Now Pay Later market will grow 10x over the next five …

Flipkart eyes IPO valuation of $70 bn, US listing next year
2 years, 8 months ago

Flipkart eyes IPO valuation of $70 bn, US listing next year

Live Mint  

The global market turmoil sparked by the Russia-Ukraine crisis is said to have also forced the firm to reconsider its timeline Walmart's Indian e-commerce company Flipkart has internally raised its IPO valuation target by around a third to $60-70 billion, and now plans a U.S. listing in 2023 instead of this year, two sources with direct knowledge of the plan …

Flipkart Big Saving Days sale begins, check out best deals and offers on smartphones
2 years, 11 months ago

Flipkart Big Saving Days sale begins, check out best deals and offers on smartphones

India Today  

Flipkart Big Saving Days sale event is now live and will continue until January 22. During Flipkart’s Big Saving Days sale, the Motorola Edge 20 Pro can be bought for Rs 34,999. Google’s Pixel 4a is priced at Rs 27,999 during Flipkart’s Big Saving Days sale. The Realme 8i is a budget smartphone and has received a Rs 1,000 discount …

Flipkart Launches Year Ender Sale 2021 on Smartphones and TVs
2 years, 11 months ago

Flipkart Launches Year Ender Sale 2021 on Smartphones and TVs

India TV News  

Highlights Flipkart launches Year End Sale 2021 The Sale will last till December 30, 2021 Flipkart offers heavy discounts on number of Smartphones and Smart TVs Flipkart has launched its biggest 'Year End Sale 2021', which will bring several offers on smartphones and Smart TVs for the customers. The sale will last till December 30, 2021, and will be live …

Flipkart’s B2B arm aims to triple reach by year-end
3 years, 4 months ago

Flipkart’s B2B arm aims to triple reach by year-end

Live Mint  

E-commerce major Flipkart group’s business-to-business marketplace Flipkart Wholesale said on Thursday it will triple its reach by July-December 2021, following which the marketplace will serve kirana stores in 2,700 cities across the country. The company said it will be grow its supplier base by 58% in 2021, having seen its kirana customer base rise 17% year-on-year during January-June 2021, it …

Walmart-Owned Flipkart Raises USD 3.6 Billion In Funding, Now Values At 37.6 Billion
3 years, 5 months ago

Walmart-Owned Flipkart Raises USD 3.6 Billion In Funding, Now Values At 37.6 Billion

ABP News  

Mumbai: Walmart-owned Flipkart has raised $3.6 billion in the new caption from its promoters and investors, SoftBank Group Corp, valuing the e-commerce firm at $37.6 billion, more than double the amount, for which US retail giant bought a 77 percent stake in 2018. The investors in the latest funding include financial investors GIC, Canada Pension Plan Investment Board, SoftBank Vision …

Flipkart raises USD 3.6 billion from GIC, SoftBank, Walmart, others; valuation hits USD 37.6 billion
3 years, 5 months ago

Flipkart raises USD 3.6 billion from GIC, SoftBank, Walmart, others; valuation hits USD 37.6 billion

India TV News  

Flipkart Group on Monday said it has raised USD 3.6 billion in funding led by GIC, Canada Pension Plan Investment Board, SoftBank Vision Fund 2 and Walmart, valuing the e-commerce giant at USD 37.6 billion. The current funding round has The investment values the Group at USD 37.6 billion post-money, Flipkart said in a statement. As we serve our consumers, …

SoftBank looks to invest $700 million in Flipkart
3 years, 6 months ago

SoftBank looks to invest $700 million in Flipkart

Hindustan Times  

SoftBank Group Corp. is in talks with Flipkart to invest $700 million in the internet retailer, three years after it sold its entire stake in the company to Walmart Inc., two people aware of the development said. The proposed investment in Flipkart from SoftBank’s Vision Fund 2 is part of a $1.2-1.5 billion funding round, the people said on condition …

Flipkart Likely to Opt for Traditional US IPO Between October-December This Year: Report
3 years, 8 months ago

Flipkart Likely to Opt for Traditional US IPO Between October-December This Year: Report

News 18  

Flipkart, owned by Walmart, is likely to go for an IPO between October and December this year. According to an exclusive report by Bloomberg, Walmart has set up an internal IPO team for Flipkart and is leaning toward a traditional debut in the United States The report further states that the startup’s valuation could top USD 35 billion as it …

Flipkart Mobile's Year End Sale: Best Deals on iPhone XR, iPhone SE (2020), Realme 7, Mi 10T & More
3 years, 11 months ago

Flipkart Mobile's Year End Sale: Best Deals on iPhone XR, iPhone SE (2020), Realme 7, Mi 10T & More

News 18  

Walmart-owned e-commerce giant Flipkart has kicked off its Mobile’s Year End sale that brings discounts on many smartphones from top brands like the iPhone XR, iPhone SE, Moto G9, Motorola Razr, Poco X3, Realme 6, and more. Flipkart has also partnered with ICICI Bank in order to offer an additional 10 percent off during the Mobile’s Year End sale. The …

Flipkart Electronics Sale Now Live in India: Best Deals on iPhone XR, Pixel 4a And Some Smart TVs
3 years, 11 months ago

Flipkart Electronics Sale Now Live in India: Best Deals on iPhone XR, Pixel 4a And Some Smart TVs

News 18  

Flipkart’s Electronic Sale is ongoing in India and the shopping website is offering a variety of tech gadgets and products with discounts and other sale deals. Its sale offers include no-cost EMI at starting Rs 4,334 per month, an exchange offer worth up to Rs 13,200, and 10 percent off on SBI ICICI cards. During the Flipkart Electronics sale, the …

PhonePe raises Rs 150 crore from majority stakeholder Flipkart bringing its valuation to $5.5 billion
4 years ago

PhonePe raises Rs 150 crore from majority stakeholder Flipkart bringing its valuation to $5.5 billion

Firstpost  

PhonePe currently has over 250 million registered users and competes with the likes of Paytm, GooglePay and WhatsApp Payments. PhonePe Private Limited has received Rs 150 crore fund infusion from Singapore parent PhonePe Private Limited, according to documents sourced from business information platform Tofler. According to regulatory filings on Accounting and Corporate Regulatory Authority, Singapore, accessed by livemint, this is …

Flipkart Internet sees losses widen to Rs 1,950 crore in FY20
4 years ago

Flipkart Internet sees losses widen to Rs 1,950 crore in FY20

India TV News  

Flipkart Internet, which operates the B2C online marketplace, has seen its consolidated loss widen to Rs 1,950.5 crore for the financial year ended March 2020, even as revenue grew about 32 per cent, as per regulatory documents. Its consolidated net total income was at Rs 6,318.7 crore for 2019-20 as against Rs 4,803 crore in the previous financial year, a …

PhonePe raises $700 million in a new funding round led by Walmart, becomes a separate entity
4 years ago

PhonePe raises $700 million in a new funding round led by Walmart, becomes a separate entity

Firstpost  

PhonePe, owned by Walmart-backed Flipkart, is “partially” spinning off, the Bangalore-based financial services firm said on 3 December 2020. The new round gave PhonePe, which was founded by three former Flipkart employees, a post-money valuation of $5.5 billion. This partial spin-off gives PhonePe access to dedicated long-term capital to pursue our vision of providing financial inclusion to a billion Indians.‘’ …

Flipkart partially spins off PhonePe, Binny Bansal to join board of fintech co
4 years ago

Flipkart partially spins off PhonePe, Binny Bansal to join board of fintech co

India TV News  

E-commerce major Flipkart on Thursday announced a "partial spin-off" of PhonePe as the digital payment firm raises USD 700 million in funding, valuing it at USD 5.5 billion. In this financing round, PhonePe is raising USD 700 million in primary capital at a post-money valuation of USD 5.5 billion from existing Flipkart investors, led by Walmart, a statement said. Flipkart, …

Flipkart narrows loss to Rs 3,150.6 crore in FY20
4 years ago

Flipkart narrows loss to Rs 3,150.6 crore in FY20

India TV News  

Flipkart India, the B2B arm of Walmart-owned Flipkart, has narrowed its losses to Rs 3,150.6 crore during 2019-20 as compared to the previous financial year, according to regulatory documents. The unit had posted a loss of Rs 3,836.8 crore for the financial year ended March 31, 2019, documents filed with the corporate affairs ministry showed. "During the financial year ended …

Flipkart Flipstart days sale to start from December 1, will give up to 80 per cent off on electronic devices
4 years ago

Flipkart Flipstart days sale to start from December 1, will give up to 80 per cent off on electronic devices

India Today  

Flipkart has introduced Flipstart days that will bring users special discounts and offers for the first three days of every month. Flipkart’s website shows up to an 80 per cent discount on electronics and accessories that users can avail on Flipstart days. Further, smart TVs will be priced from Rs 8999 and other home and heating appliances will get a …

Flipkart Big Billion Days Sale 2020 achieves 10 times growth as compared to last year
4 years, 2 months ago

Flipkart Big Billion Days Sale 2020 achieves 10 times growth as compared to last year

India TV News  

Flipkart, on Wednesday, said that it delivered 1 crore shipments in the first five days of its Big Billion Day sale which is a massive 10 times growth compared to the last BBD when only 10 lakh deliveries were made by the e-commerce marketplace in the same period. In cheer for MSMEs, over 66.6 crore visits were recorded during the …

Flipkart Big Saving Days sale goes live: 6 smartphone deals you should not miss
4 years, 4 months ago

Flipkart Big Saving Days sale goes live: 6 smartphone deals you should not miss

India Today  

The Flipkart Big Saving Days sale has now gone live in India. So there are a few deals on smartphones that you must check out on Flipkart Flipkart is offering a 10 percent instant discount on all the transactions made using Citibank cards as well as ICICI credit cards. Similarly, the newly-launched iPhone SE 2020, which is a great device …

Flipkart Big Saving Days Sale: Offers on iPhone XR, Redmi K20 Pro, Oppo Reno2 F and More
4 years, 4 months ago

Flipkart Big Saving Days Sale: Offers on iPhone XR, Redmi K20 Pro, Oppo Reno2 F and More

News 18  

As the festive season draws near, e-commerce platforms are gearing up for special sales for its customers. Amazon India will be hosting its two-day Prime Day sale on August 6 and now we have Flipkart also announcing its own Big Saving Days sale scheduled from August 6 to 10. Flipkart has started teasing some of upcoming deals on devices like …

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