India's Flipkart plans to raise $1 billion at a $30 billion valuation before going public

Walmart bought a majority stake in Flipkart in 2018.

Alfred Lee

11 May, 2021

India's Flipkart plans to raise $1 billion at a $30 billion valuation before going public | BEAMSTART News

Flipkart, India's e-commerce giant, is planning to raise a large funding round just before going public.

The company aims to raise at least $1 billion in financing at a valuation of $30 billion, according to sources familiar with the matter.

Key Highlights

  • Flipkart aims to raise $1 billion in a pre-IPO financing round, despite "not requiring additional funds at the moment".
  • Past media reports mentioned that Flipkart aims to go public in 2021.
  • US's Walmart bought a majority stake in the company back in 2018, and remains its largest shareholder to date.
  • Existing investors declined to comment on any funding-related matters in the company.

Why It Matters

  • Many speculate that additional funding will go to further cushion against the country's worsening pandemic, while boosting the company's valuation slightly.
  • Flipkart was valued at $24.9 billion at its last funding round, after raising $1.2 billion from Walmart.
  • Walmart holds a 76.9% stake in Flipkart.
  • The company is competing aggressively with Amazon in India, and recently JioMart.
  • Flipkart has already deployed over $6.5 billion in India to win market share.

Already a member?

Sign in to read this article & enjoy the following:

  • Access to members-onnly content, events, and more
  • Connect with a global community of CEOs, Business Owners, and more.
  • Free Business Feature & Profile Listing
  • Post Unlimited Jobs & Hire Talent Effectively
  • Connect with Investors and Fundraise
  • Search through entire members, companies, and investors directory
  • and lots more!

Latest Jobs

Legal Counsel, Asia

Gallons & Grapes Pte Ltd

Buona Vista, Singapore

Full Time

SGD 9000 — SGD 10500 monthly

English-Korean Freelance Transcriber in Singapore

Elite Asia


Contract / Freelance

Salary Undisclosed

Account Manager (Hybrid)


New York, NY, United States

Full Time

Salary Undisclosed

Customer Service Representative

Gamer's Hideout Sdn. Bhd.

Dataran Prima, Petaling Jaya, Malaysia

Full Time

MYR 3000 — MYR 4000 monthly



SIngapore, Singapore

Contract / Freelance

SGD 9 — SGD 11 monthly

English Technical/Legal Writer

Pacston Technology Group

Kuala Lumpur, Malaysia

Full Time

USD 20000 — USD 60000 monthly

Junior Accounts Cum Admin Assistant


Kallang, Singapore

Full Time

SGD 1600 — SGD 1800 monthly

Head of Developers


Manila, Philippines

Full Time

USD 2000 monthly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

© 2016 - 2022 BEAMSTART. All Rights Reserved (Legal).