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 20 Mar 2017, at a $10.00B post-money valuation. 4 firms took part. It is Flipkart's sixth venture round on record; the one before was a Growth in Dec 2014.
$1.00B
Amount raised
$10.00B
Post-money valuation
$9.00B pre-money
4
Investors
no lead named
0.6x
Step-up from the Growth
$15.50B in Dec 2014
10%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Flipkart at $10.00B after the new money, 0.6 times the $15.50B of its Growth (Dec 2014). The $1.00B bought investors about 10% of the company. It came 27 months after Flipkart's Growth. It is 15% of the $6.71B Flipkart has raised in the venture rounds on record. Flipkart raised again 52 months later: a Growth round of $3.60B in Jul 2021, at $37.60B 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 20 Dec 2014 $700M$15.50B post-money
- Growth this round 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
4 firms took part; no lead investor was named.
Investors
- Microsoft new investor
- eBay new investor
- Tencent new investor
- GIC backs 98 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, sales and marketing and scaling operations.
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
The closest in time, other companies' Growth rounds in Online Marketplace:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Online Marketplace | 11 May 2017 | $400M | not disclosed | not named |
| Snapdeal Online Marketplace | 30 May 2017 | $17M | not disclosed | not named |
| Online Marketplace | 22 Sep 2016 | $55M | not disclosed | LIV Capital and Northgate |
| Online Marketplace | 11 Apr 2016 | $40M | $1.50B | not named |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Flipkart raise in its Growth round?
Flipkart raised $1.00B in its Growth round, announced in Mar 2017.
Which investors took part in Flipkart's Growth round?
Microsoft, eBay, Tencent and GIC.
What was Flipkart's valuation at the Growth round?
$10.00B post-money ($9.00B pre-money).
Did Flipkart raise again after this round?
Yes: a Growth round in Jul 2021 of $3.60B at $37.60B post-money.