Darkblack

Flipkart fund raise

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

10mo ago

TepidRocket

Earlier there was a talk of IPO @ $50B

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

Lostcause

Lol

Brutallyhonest

Walmart is not funding them anymore?

Darkblack

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

BladeRunner007

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

FunnyBones

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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Curated from across

Or get it on the stores.