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Flipkart Secures $350 Million Investment from Google in Latest Funding Round

In a significant development, Walmart-owned e-commerce platform Flipkart has raised $350 million from Google as part of a substantial $1 billion funding round led by Walmart. Reports indicate that Walmart itself invested $600 million into the India-based online retailer.

Google Joins as Minority Investor

In an official statement released on Friday, Flipkart announced that Google would join as a minority investor, pending regulatory and customary approvals. The collaboration aims to expand Flipkart’s business and advance its digital infrastructure modernization, benefiting customers across India.

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Investment Details and Implications

While the exact amount of Google’s investment was not disclosed by Flipkart, multiple sources estimate the tech giant’s contribution at $350 million. Walmart previously injected $600 million into Flipkart in December 2023. Following these funding rounds, Flipkart’s valuation is expected to hover around $35-36 billion, with Google acquiring approximately a 1% stake in the company. Walmart, which acquired a majority stake of 77% in Flipkart for $16 billion in 2018, now holds around 80–85%, according to various startup funding trackers.

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Strategic Importance for Google

This investment aligns with Google’s broader strategy of supporting India’s digitization efforts. Last year, Google committed $10 billion towards this initiative and previously invested $4.5 billion in Reliance Jio in 2020. Additionally, Google has backed several Indian startups, including ShareChat, Verse Innovation, Glance, and DailyHunt.


Flipkart’s Market Position and Financial Performance

Operating in India’s competitive e-commerce sector, which is predominantly led by Amazon, Flipkart reported a revenue of Rs 15,044 crore and a loss of Rs 4,026 crore for FY23. The fresh investment from Google and continued support from Walmart are expected to bolster Flipkart’s market position and drive further growth.

Conclusion: A Boost for Flipkart’s Future

The infusion of capital from Google and Walmart underscores the growing confidence in Flipkart’s potential to dominate the Indian e-commerce landscape. With enhanced financial backing and strategic partnerships, Flipkart is well-positioned to innovate and expand its offerings, delivering improved services to millions of customers across India.

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For more updates on Flipkart’s latest developments and industry trends, stay tuned to trusted news sources and the official Flipkart website.


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Raunak Saha
Raunak Saha
A cs engineer by profession but foodie from heart. I am tech lover guy who has a passion for singing. Football is my love and making websites is my hobby.



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