Funding round
Flipkart Growth
Reported as "Growth Equity"
Flipkart, which works in online retail in Bengaluru, raised $3.60B in a Growth round announced on 12 Jul 2021, at a $37.60B post-money valuation. 5 firms took part. It is Flipkart's seventh venture round on record; the one before was a Growth in Mar 2017.
$3.60B
Amount raised
$37.60B
Post-money valuation
$34.00B pre-money
5
Investors
no lead named
3.8x
Step-up from the Growth
$10.00B in Mar 2017
9.6%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Flipkart at $37.60B after the new money, 3.8 times the $10.00B of its Growth (Mar 2017). The $3.60B bought investors about 9.6% of the company. It came 52 months after Flipkart's Growth. It is 54% of the $6.71B Flipkart has raised in the venture rounds on record. No later venture round is on record for Flipkart.
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 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 this round 12 Jul 2021 $3.60B$37.60B post-money
Investors
Who put money in
5 firms took part; no lead investor was named.
Investors
- SoftBank new investor
- SoftBank Vision Fund backs 234 venture-backed companies new investor
- GIC backs 98 venture-backed companies new investor
- Canada Pension Plan Investment Board new investor
- Walmart new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, scaling operations and working capital.
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
8 Growth rounds in Online Marketplace within a year either side disclosed an amount; the median was $90M, and this round was 40 times the median. The closest in time, other companies' Growth rounds in Online Marketplace:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Online Marketplace | 16 Sep 2021 | $100M | $1.10B | STIC Investments |
| noon Online Marketplace | 4 Oct 2021 | $2.00B | not disclosed | Public Investment Fund and Mohamed Alabbar |
| Online Marketplace | 19 Feb 2021 | $276M | not disclosed | PS Alliance |
| Online Marketplace | 24 Feb 2021 | $191M | $840M | Korelya Capital |
| Online Marketplace | 16 Feb 2021 | $40M | not disclosed | The Chernin Group |
| Online Marketplace | 8 Feb 2022 | $8.8M | not disclosed | not named |
| Online Marketplace | 24 Mar 2022 | $5.0M | not disclosed | not named |
| Online Marketplace | 15 Sep 2020 | $80M | $900M | Naver |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Flipkart raise in its Growth round?
Flipkart raised $3.60B in its Growth round, announced in Jul 2021.
Which investors took part in Flipkart's Growth round?
SoftBank, SoftBank Vision Fund, GIC, Canada Pension Plan Investment Board and Walmart.
What was Flipkart's valuation at the Growth round?
$37.60B post-money ($34.00B pre-money).
How does it compare with other Growth rounds in Online Marketplace?
8 Growth rounds in Online Marketplace within a year either side disclosed an amount; the median was $90M, and this round was 40 times the median.