Flipkart fund raise

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

19mo ago

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JumpyNoodle

Earlier there was a talk of IPO @ $50B

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

SparklyNoodle

Lol

SillyMochi

Walmart is not funding them anymore?

PrancingCupcake

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

GigglyNarwhal

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

FluffyNugget

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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