Is Flipkart Listed In Stock Market? – Funding, Acquisitions & IPO!

Is Flipkart Listed In Stock Market? – Funding, Acquisitions & IPO!

When Walmart bought Flipkart back in 2018 for $16 billion dollars, it had the vision to take the Indian e-commerce giant public in about four years’ time. A lot has happened since then but the question still remains – Is Flipkart Listed In Stock Market?

Flipkart was started by two former Amazon employees – Sachin Bansal and Binny Bansal in 2007. While the company is headquartered in Bengaluru, it is actually incorporated in Singapore. Similar to Amazon, Flipkart also started off selling one thing – Books, books and more books.

From there, they went on to sell electronics, clothing, home essentials, and groceries. They further diversified to own even more e-commerce sites such as Myntra and Jabong. 

Now with this kind of rapid growth and the parallel fall of brick-and-mortar stores, it presents a business opportunity on a different level. Anyone could start a business and were not limited by the high entry cost barriers that are usually associated with this type of business.

From a founder’s point of view, you would be wondering how to get in on the boom of e-commerce. And from an investor’s point of view, you would be curious as to how you can also be a part of this revolution and not miss out.

Flipkart happens to be one of those e-commerce giants that established themselves before the wave of e-commerce, drop-shipping, and online selling. 

About The Company

Flipkart Logo | Is Flipkart Listed In Stock Market

What started off as an online bookstore, Flipkart has gradually expanded to compete with Amazon, one of the largest companies in the world. 

They command a 40% market share in the e-commerce segment, which is understandable through their notable acquisitions in the past. They have also been one of the first e-commerce companies started in India. So as an investor, it got us asking – Is Flipkart Listed in Stock Market?

Companies Acquired By Flipkart

Flipkart has acquired some 22 companies in its history, with some being important to growing the company’s hold on e-commerce in India. Some important acquisitions by Flipkart are

  1. Myntra
  2. PhonePe
  3. Yaantra
  4. Liv.ai
  5. eBay India
  6. Jabong
  7. ClearTrip

How much has Flipkart Raised?

Flipkart Shareholding Pattern

Source: Economictimes

So far Flipkart has raised over $12.9 billion dollars in 26 rounds of funding. They have had some 30 investors.

Some of the notable investors of Flipkart are

  1. Walmart
  2. Softbank Vision Fund
  3. Tencent
  4. Tiger Global Management
  5. Franklin Templeton Investors

Is Flipkart Listed In Stock Market?

The answer is – Not yet. In India, a company is considered to be publicly listed if it is trading on the Bombay Stock Exchange or the National Stock Exchange. 

Its main competitor, Amazon, is listed in the United States. 

Due to the pandemic and the Russia-Ukraine war, the plans to take Flipkart public were delayed and are expected to go public in the year 2023, according to a report by Economic Times.

Other reasons were to boost the valuation of the company and focus on its two new businesses – Online healthcare and travel bookings. 

The Flipkart IPO valuation is expected to be anywhere between $60-70 billion dollars. 

When Will Flipkart go public?

While it is not confirmed, Flipkart might be going public in 2023 and will be listed in the United States.

What Is Flipkart Share Price?

As mentioned above, Flipkart is currently not listed in the stock market. And even if it were to be listed, it is likely to go public in the United States so the Flipkart stock price or Flipkart share price is currently unavailable. There are a few platforms that allow you to invest in unlisted companies such as Altus Investech.

Flipkart Competitors

Amazon Logo

Flipkart is mainly operating in India, even though it is incorporated in Singapore and is planning to go public in the US. Its main competitors in India are large players like Amazon, Snapdeal, Alibaba, and Etsy. Even newcomers like Paytm, JioMart, and BigBasket are entering into the foray of e-commerce.

Also Read: Is Swiggy Listed In The Stock Market? Funding, IPO, and Acquisitions!

In Closing 

We hope this blog answers the question – Is Flipkart Listed In Stock Market?

While Flipkart may not go public in India, there are other ways you can invest in US Stocks once it does get listed in the future. 

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