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News Discussion
News Discussion
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PrancingCupcake
PrancingCupcake
Meesho

Flipkart fund raise

https://www.reuters.com/business/retail-consumer/indias-flipkart-get-600-mln-walmart-under-new-fundraise-2023-12-21/

Flipsters in grapevine, where is this capital getting consumed? Is it all for new businesses (clear trip, grocery etc)?

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JumpyNoodle
JumpyNoodle
Google18mo

Earlier there was a talk of IPO @ $50B

Maybe they want to delay IPO and use the cash cushion to turn more attractive.

SparklyNoodle
SparklyNoodle
Meesho18mo

Lol

SillyMochi
SillyMochi
Stealth18mo

Walmart is not funding them anymore?

PrancingCupcake
PrancingCupcake
Meesho18mo

Wal-Mart is infusing money. I was more curious about the use of proceeds.

GigglyNarwhal
GigglyNarwhal
Stealth18mo

Both Flipkart and PhonePe are at record losses, even with high growth in revenue. Is this just to push valuation for imminent IPO?

FluffyNugget
FluffyNugget
Plivo18mo

At the end of article they do mention that they want to raise their IPO valuation. So anything which will help that

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Indian Startups15mo
by GroovyPandaSoftware Developer

Has Flipkart received a blank cheque from Walmart?

Flipkart is trying to enter two different market segments at the same time: Quick Commerce and UPI. There are already proven players in the space and it isn't possible to enter these segments without loads of investment. I wonder what Fl...