Grapevine
Download
News Discussion
News Discussion
on
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)?

12mo ago
Find out if you are being paid fairly.Download Grapevine
JumpyNoodle
JumpyNoodle
Google12mo

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
Meesho11mo

Lol

SillyMochi
SillyMochi
Stealth12mo

Walmart is not funding them anymore?

PrancingCupcake
PrancingCupcake
Meesho12mo

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

GigglyNarwhal
GigglyNarwhal
Stealth11mo

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
Plivo12mo

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

Discover more
Curated from across