Flipkart India’s unlisted share price almost doubled last year from Rs. 11,000 to around Rs. 20,000 in March 2024. Starting in 2007 as one of the pioneer e-commerce companies in India, it has over half the online sales market, which gives tough competition to Amazon. It is because of its continuous fundraising to expand its business operations across India to become the top e-commerce company. In 2018, Walmart paid a whopping 16 billion dollars to acquire 77% of its stake, outsmarting Amazon in the bidding process. As soon as the majority stake in Flipkart was acquired, Walmart’s filing with the US Securities and Exchange Commission confirmed that the deal had the possibility for Flipkart’s minority shareholders to effect an IPO after the fourth anniversary of the acquisition with a valuation not less than paid by it. Hence, with its IPO coming soon, there will be a rapid rise in Flipkart’s share price, and it will continue more in the future.
Continue reading this blog until the end to learn about Flipkart’s unlisted shares and buy them from the best online platform efficiently, quickly, and safely to make windfall profits sooner rather than later.
What funding was raised by Flipkart to become the top e-commerce company in India?
Like Amazon, which started as an online bookstore in 2004 to become the e-commerce giant and have the lion’s share of the worldwide market, Flipkart began in the same way in 2007. One of its significant moves to accept cash on delivery gives tough competition even to Amazon wanting to buy its significant stake at 15 billion dollars. But Walmart, the world’s largest retail chain, acquired a major stake for 16 billion dollars in 2018. However, the journey to become India’s most prominent online marketplace is because of its seed funding and others from 2009, including the following.
- Series A and B seed funding in 2009 and 2010 from Accel India and Tiger Global management helped its initial progress across India.
- Series C and D funding in 2011 and 2012 from MIH, ICONIQ Capital helped its further progress into the nook and corner of the country.
- Series E and F funding in 2013 and 2014 raised substantial amounts from high-profile investors like DST Global and Accel.
- Before being acquired by Walmart, it raised Series G of massive funds from Tencent, SoftBank Vision Fund and others.
Why is Flipkart’s unlisted share rising rapidly?
Flipkart used enormous funds from many investors to increase its logistic operations and acquire eBay India and others, even giving tough competition to Amazon. Apart from e-commerce sales, there are many income streams from commission from sellers for each sale, selling advertising space, subscription models and others. Hence, its revenue is rising from Rs.345861 to 511757 million from 2020 to 2022.
End note:
The IPO valuation of Flipkart experts is estimated to be around 60 to 70 billion dollars, and it plans to list in the US as Walmart did in 2018. Hence, it is advisable to buy Flipkart unlisted shares from the top broker to make huge profits Thanks to its comprehensive features and unparalleled reliability, Stockify is the leading platform for trading unlisted stocks and pre-IPO shares. Its intuitive interface and robust security ensure seamless transactions and access to diverse investment opportunities. With transparent pricing, expert insights, and personalised support, Stockify empowers investors to navigate the dynamic landscape of unlisted stocks and pre-IPO shares confidently and effortlessly.