About Flipkart
Flipkart is a company based in Bengaluru (India) founded in 2007 by Binny Bansal was acquired by Walmart in May 2018.. Flipkart has raised $12.12 billion across 21 funding rounds from investors including eBay, Microsoft and Marriott Bonvoy. Flipkart has completed 24 acquisitions, including ANS Commerce, AdIQuity and AppIterate. Flipkart operates in a competitive market with competitors including Taboola, EX.CO, Verve, Supersonic and OpenWeb, among others.
- Headquarter Bengaluru, India
- Founders Binny Bansal
- Stage Decacorn
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$12.12 B (USD)
in 21 rounds
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Latest Funding Round
$350 M (USD), Series J
May 25, 2024
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Investors
eBay
& 114 more
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Employee Count
Employee Count
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Investments & Acquisitions
ANS Commerce
& 23 more
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Acquired by
Walmart
(May 03, 2018)
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Leadership Team
104 people
Product Management Team
63 people
Sales and Marketing
63 people
Software Development Team
63 people
Senior Team
37 people
Creative and Marketing Team
19 people
Human Resources and Administration
19 people
Operations Team
18 people
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Funding Insights of Flipkart
Flipkart has successfully raised a total of $12.12B across 21 strategic funding rounds. The most recent funding activity was a Series J round of $350 million completed in May 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 21
- Last Round Series J — $350.0M
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First Round
First Round
(01 Jun 2008)
- Investors Count 115
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Series J - Flipkart | Valuation |
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| Dec, 2023 | Amount | Series J - Flipkart | Valuation | Appaloosa Management , Azteca Partner |
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| Jul, 2021 | Amount | Series J - Flipkart | Valuation | CPP Investments , SoftBank Vision Fund |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Flipkart
Flipkart has secured backing from 115 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include eBay, Microsoft and Marriott Bonvoy. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity is directed toward multiple sectors by Azteca Partner.
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Founded Year | Domain | Location | |
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Venture capital investments in technology and startups.
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Founded Year | Domain | Location | |
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Flipkart
Flipkart has strategically engaged in corporate development activities, having acquired 24 companies. Notable acquisitions include ANS Commerce, AdIQuity and AppIterate. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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E-commerce solutions and logistics are provided for online businesses.
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2017 | ||||
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Web-based platform for no-code interactive content creation is provided.
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2016 | ||||
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AI based natural language processor - Stealth mode
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Flipkart
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Flipkart Comparisons
Competitors of Flipkart
Flipkart operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Taboola, EX.CO, Verve, Supersonic and OpenWeb, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Ad network platform is utilized for content recommendations and monetization.
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| domain | founded_year | HQ Location |
Content management platform
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| domain | founded_year | HQ Location |
Privacy-first omni-channel advertising platform is provided for customer targeting.
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| domain | founded_year | HQ Location |
Game publishing solutions are provided by Supersonic for developers.
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| domain | founded_year | HQ Location |
Cross-device ad network is provided for conversation-based advertising.
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| domain | founded_year | HQ Location |
Adnetwork and performance marketing platform
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Flipkart
Frequently Asked Questions about Flipkart
When was Flipkart founded?
Flipkart was founded in 2007 and raised its 1st funding round 1 year after it was founded.
Where is Flipkart located?
Flipkart is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Flipkart?
Kalyan Krishnamurthy is the current CEO of Flipkart.
Is Flipkart a funded company?
Flipkart is a funded company, having raised a total of $12.12B across 21 funding rounds to date. The company's 1st funding round was a Series J of $3.6B, raised on Jun 01, 2008.
What does Flipkart do?
Flipkart was founded in 2007 in Bengaluru, India, operating as an e-commerce platform in the retail sector. Diverse consumer goods, such as fashion items, electronics, groceries, and home essentials, are listed for purchase. Refurbished devices from assorted vendors are included in the inventory. Flight reservations are facilitated through the app. Mobile access is supported on both Android and iOS systems.
Who are the top competitors of Flipkart?
Flipkart's top competitors include Taboola, Supersonic and EX.CO.
How many acquisitions has Flipkart made?
Flipkart has made 24 acquisitions, including ANS Commerce, AdIQuity, and AppIterate.
Who are Flipkart's investors?
Flipkart has 115 investors. Key investors include eBay, Microsoft, Marriott Bonvoy, Google, and Fidelity Investments.
What is Flipkart's valuation?
The valuation of Flipkart is $36B as of May 2024.
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