The parent company of Flipkart Internet, the marketplace division of Walmart-backed Flipkart, has invested Rs 3,249 crore, or roughly $382 million, internally.
The same parent company had previously given the company Rs 1,421 crore in April 2024.
To raise Rs 3,249 crore from Flipkart Marketplace Private Limited (Singapore), the board of Flipkart issued 470,773 equity shares at an issue price of Rs 69,014.7 each on a right issue basis, according to its regulatory filing obtained from the Registrar of Companies (RoC).
At a $36 billion valuation, Flipkart raised $350 million from Google in May of last year.
Walmart owns 85% of the e-commerce company, making it the largest stakeholder, according to the media. Tencent and other minority shareholders, such as CPP Investments, GIC, SoftBank, and Microsoft, are next in line.
Flipkart competed with companies like Blinkit, Zepto, and Instamart by entering the quick commerce market with Minutes in addition to its horizontal e-commerce offerings. The company promised deliveries within ten to fifteen minutes.
Flipkart recorded a 20% rise in operating revenue to Rs 17,907 crore for the fiscal year that ended in 2024, while cutting its losses by more than 41% to Rs 2,359 crore in the same time frame.
