Flipkart

FlipKart is one of biggest eCommerce business with headquarters in India and founded in 2007. Headquarters is in India. FlipKart annual revenues for 2019-20 is 34,610 Crores INR and posted a net loss of 3,150 Crores INR.

Flipkart revenue for FY22 is 51,176 crores INR and net loss of 3,404 crores INR.

Flipkart Important Milestones

Flipkart Founded by Sachin Bansal and Binny Bansal in 2007.
In 2010, Flipkart acquired social book discovery service weRead from Lulu.com.
In 2011, Flipkart acquired Mime360.com and Bollywood portal Chakpak.
In May 2012, Flipkart acquired Letsbuy which is into online electronics Business.
In May 2014, Flipkart acquired Myntra which is into Online Fashion Business for 20 Billion rupees.
In 2016 Flipkart acquired Jabong.com which is into online fashion for 70 Million USD.
In July 2017, Flipkart offered 850 Million USD to acquire SnapDeal which is main Flipkart competitor in India. But SnapDeal company rejected the offer and SnapDeal requesting for atleat 1 Billion USD at that time.

Flipkart and its Startup Funds

In 2009, Flipkart got Fund of 1 Million USD from venture capital fund Accel India.
In 2010, Flipkart got Fund of 10 Million USD from Tiger Global.
In June 2011, Flipkart got fund of 20 Million USD from Tiger Global.
In 2012, Flipkart got fund of 150 Million USD from MIH which is part of Naspers Group and also from ICONIQ Capital.
In June 2013, Flipkart got fund of 200 Million USD from Tiger Global, Naspers, Accel Partners and Iconiq Capital.
In October 2013, Flipkart raised 160 Million USD from Dragoneer Investment Group, Tiger Global, Morgan Stanley Wealth Management, Sofina SA and Vulcan Inc.
In May 2014, Flipkart got fund of 210 Million USD FROM Yuri Milner's DST Global, Tiger Global, Naspers and ICONIQ Capital.
In July 2014, Flipkart got fund of 1 Billion USD from Tiger Global, Accel Partners, Morgan Stanley Investment Management and Singapore soverign-wealth fund GIC.
In Dec-2014, Flipkart got fund of 700 Million USD keeping Flipkart Company valuation at 11 Billion USD.
In Aug-2015, Flipkart got fund of 700 Million USD
In Apr-2017, Flipkart got another round of fund of 1.4 Billion USD from eBay, Tencent, Microsoft keeping company valuation at 11.6 Billion USD.
In Aug-2017, Flipkart got another round of fund of 2.5 Billiion USD.
On May-2018, Walmart acquired 77% stake in Flipkart for 16 Billion USD.

Facts About Company

Flipkart annual revenues from operations for FY21 was 42,941 Crores INR and total expenses was 45,801 Crores INR.

Flipkart annual revenues from operation in FY20 was 34,170 Crores INR.

Flipkart total revenue in FY21 was 43,356 Crores INR and it was 34,610 Crores INR in FY20.

Flipkart India posted net loss of 2,445 Crores INR in FY2021 and it posted net loss of 3,150 Crores INR in FY2020.

Founded Year

2007

Investors

Comments

Walmart planning to list FlipKart in USA Stock Exchanges in 2021

Walmart acquired 77% of FlipKart by paying 16 Billion USD in May-2018.

Walmart is planning to list it USA stock exchanges in the next year i.e 2021.

Fri, 18/09/2020 - 09:42

FlipKart current value will be around 40 Billion USD

FlipKart current value will be between 40 Billion USD and 45 Billion USD considering FlipKart annual revenues for 2019-20 is 34,610 Crores INR and posted a net loss of 3,150 Crores INR.

In 2021, Walmart planning to list FlipKart on USA stock exchanges.

FlipKart is one among two biggest eCommerce companies in India. Within India, whether Amazon is top company or FlipKart is top company is difficult to make it because almost both are on same level considering sales within India.

But if we compare FlipKart with Shopify, then FlipKart will have worth between 50 Billion USD nad 60 Billion USD. Because current Shopify market value is more than 171 Billion USD. Shopify annual revenue for December 2019 ending year is 1,578 Million USD and net loss of 124 Million USD.

Sun, 20/12/2020 - 13:13