Friday, 24 March, 2023

Flipkart to raise over $1bn before IPO

<p>Flipkart, the Bengaluru-based e-commerce giant, to raise $1bn at up to $30bn valuation in a pre-IPO financing round. Last year Flipkart&rsquo;s GMV was impacted due to the nationwide lockdown but still finished Q4 with double the GMV of the full year. As many as 250 mn people shopped in India on the platform during last year&rsquo;s festival season sales. Flipkart is planning on increasing its grocery delivery services.</p> <p>&nbsp;</p>