Flipkart Market Value:Â Leading e-commerce company Flipkart has suffered a major setback. The market value of the company has decreased by approximately Rs 41 thousand crore (5 billion dollars) in the last 2 years. This figure is between January 2022 and January 2024. This information has been received from the equity transactions done by Flipkart’s parent company Walmart. This decline has come due to Flipkart making its fintech firm PhonePe a separate company.
Table of Contents
Decrease due to removal of PhonePe from Flipkart
According to the information received from the changes made in the equity structure by Walmart, the valuation of Flipkart was $ 40 billion in the financial year ending January 31, 2022, which reduced to $ 35 billion on January 31, 2024. This decrease has come due to the removal of PhonePe from Flipkart. However, sources have claimed that at present the market value of Flipkart is around $40 billion. Walmart had sold 8 percent stake in fiscal year 2022 for about $3.2 billion. American retail giant Walmart had increased its stake in the company by 10 percent to 85 percent by paying $ 3.5 billion in Flipkart in the financial year 2023-24.
It is wrong to look at market value this way – Flipkart
On the other hand, Flipkart has rejected the valuation based on Walmart’s report. Flipkart spokesperson said that it is wrong to look at the market value in this way. We had separated PhonePe in the year 2023. Due to this there has been adjustment in the market value. According to sources, the last valuation of the company was done in the year 2021. At that time, the valuation of fintech firm PhonePe was also included in the total value of the e-commerce company. There has been no reduction in the valuation of the company. The market value of PhonePe is currently estimated at $12 billion by General Atlantic, Tiger Global, Ribbit Capital and TVS Capital Fund.
There was a net loss of Rs 4,846 crore last financial year.
Flipkart had a net loss of Rs 4,846 crore in FY 2023. Also, the total income of the e-commerce company was Rs 56,012.8 crore. The total expenditure of the company in the last financial year was Rs 60,858 crore.
