Funding round
Flipkart Growth
Reported as "Growth Equity"
Flipkart, which works in online retail in Bengaluru, raised $1.00B in a Growth round announced on 29 Jul 2014, led by Naspers and Tiger Global, at a $7.00B post-money valuation. 8 firms took part. It is Flipkart's fourth venture round on record; the one before was a Growth in May 2014.
$1.00B
Amount raised
$7.00B
Post-money valuation
$6.00B pre-money
8
Investors
2 leads
2.7x
Step-up from the Growth
$2.60B in May 2014
14%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Flipkart at $7.00B after the new money, 2.7 times the $2.60B of its Growth (May 2014). The $1.00B bought investors about 14% of the company. It came 2 months after Flipkart's Growth. It is 15% of the $6.71B Flipkart has raised in the venture rounds on record. Flipkart raised again 5 months later: a Growth round of $700M in Dec 2014, at $15.50B post-money.
Flipkart's funding rounds
Flipkart has 7 venture rounds on record and 1 other deal. This one is highlighted.
- Seed 1 Jan 2008 $800K
- Series E 10 Jul 2013 $200M
- Growth 26 May 2014, led by DST Global $210M$2.60B post-money
- Growth this round 29 Jul 2014, led by Naspers and Tiger Global $1.00B$7.00B post-money
- Growth 20 Dec 2014 $700M$15.50B post-money
- Growth 20 Mar 2017 $1.00B$10.00B post-money
- Acquisition not a venture round 18 Aug 2018, led by Walmart $16.00B$21.00B post-money
- Growth 12 Jul 2021 $3.60B$37.60B post-money
Investors
Who put money in
Naspers and Tiger Global led the round with 6 other firms.
Lead investors
- Naspers new investor
- Tiger Global backs 391 venture-backed companies new investor
Also in the round
- GIC backs 98 venture-backed companies new investor
- Accel backs 581 venture-backed companies new investor
- Morgan Stanley backs 120 venture-backed companies new investor
- DST Global backs 179 venture-backed companies new investor
- ICONIQ Capital new investor
- Sofina backs 45 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion and scaling operations.
- Product development
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
The closest in time: Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Video Games - Development & Publishing | 1 Jul 2014 | $120M | $1.00B | Alibaba Group |
| Tech Companies | 23 Jul 2014 | $50M | not disclosed | Hongyi Investment |
| Loans & Financing | 23 Jul 2014 | $50M | not disclosed | Hongyi Investment |
| Tech Companies | 22 Jul 2014 | $30M | not disclosed | Highland Europe |
| Tech Companies | 10 Jul 2014 | $28M | not disclosed | not named |
| Pharmaceutical Products | 3 Jul 2014 | $23M | not disclosed | Signet Healthcare Partners |
| Clinics - Surgeons & Physicians | 9 Jul 2014 | undisclosed | not disclosed | not named |
| Tech Companies | 13 Aug 2014 | $150M | $1.38B | T. Rowe Price Associates, Inc. |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Flipkart raise in its Growth round?
Flipkart raised $1.00B in its Growth round, announced in Jul 2014.
Who led Flipkart's Growth round?
Naspers and Tiger Global led it, with GIC, Accel, Morgan Stanley, DST Global and ICONIQ Capital and 1 more.
What was Flipkart's valuation at the Growth round?
$7.00B post-money ($6.00B pre-money).
Did Flipkart raise again after this round?
Yes: a Growth round in Dec 2014 of $700M at $15.50B post-money.