Funding round
Flipkart Growth
Reported as "Growth Equity"
Flipkart, which works in online retail in Bengaluru, raised $700M in a Growth round announced on 20 Dec 2014, at a $15.50B post-money valuation. 9 firms took part, 9 of them already investors. It is Flipkart's fifth venture round on record; the one before was a Growth in Jul 2014.
$700M
Amount raised
$15.50B
Post-money valuation
$14.80B pre-money
9
Investors
no lead named
2.2x
Step-up from the Growth
$7.00B in Jul 2014
4.5%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Flipkart at $15.50B after the new money, 2.2 times the $7.00B of its Growth (Jul 2014). The $700M bought investors about 4.5% of the company. It came 5 months after Flipkart's Growth. It is 10% of the $6.71B Flipkart has raised in the venture rounds on record. Flipkart raised again 27 months later: a Growth round of $1.00B in Mar 2017, at $10.00B 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 29 Jul 2014, led by Naspers and Tiger Global $1.00B$7.00B post-money
- Growth this round 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
9 firms took part; no lead investor was named.
Investors
- DST Global backs 179 venture-backed companies existing investor
- GIC backs 98 venture-backed companies existing investor
- ICONIQ Capital existing investor
- Tiger Global backs 391 venture-backed companies existing investor
- Baillie Gifford existing investor
- Greenoaks backs 77 venture-backed companies existing investor
- backs 29 venture-backed companies existing investor
- T. Rowe Price Associates existing investor
- Qatar Investment Authority backs 71 venture-backed companies existing 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: 2 in Online Marketplace, then Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Snapdeal Online Marketplace | 1 Aug 2015 | $500M | $5.00B | Alibaba Group and Foxconn |
| Online Marketplace | 18 Aug 2015 | undisclosed | not disclosed | Primus Capital |
| Dairy Products - Farms & Stores | 18 Dec 2014 | $470M | not disclosed | not named |
| SoundCloud Media Companies | 10 Dec 2014 | $150M | $1.20B | not named |
| Real Estate - Agents & Managers | 16 Dec 2014 | $90M | not disclosed | SoftBank |
| Hotels | 3 Dec 2014 | $80M | not disclosed | La Caisse |
| Other Engineering Services | 19 Dec 2014 | $28M | not disclosed | not named |
| Vertical Bridge Real Estate Rental | 11 Nov 2014 | $470M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Flipkart raise in its Growth round?
Flipkart raised $700M in its Growth round, announced in Dec 2014.
Which investors took part in Flipkart's Growth round?
DST Global, GIC, ICONIQ Capital, Tiger Global, Baillie Gifford and Greenoaks and 3 more.
What was Flipkart's valuation at the Growth round?
$15.50B post-money ($14.80B pre-money).
Did Flipkart raise again after this round?
Yes: a Growth round in Mar 2017 of $1.00B at $10.00B post-money.