Flipkart Stock Price Summary
Flipkart, the Indian e-commerce giant owned by Walmart, has been making waves in the market. Here’s a quick overview of Flipkart stock price and key facts:
- Latest Update: As of the most recent data available, Flipkart’s stock price is not directly listed on any stock exchange. However, it’s essential to keep an eye on any developments, as the company’s valuation and funding rounds impact its potential future listing.
- Valuation: In July 2023, Flipkart’s valuation stood at a whopping $35 billion. That’s a significant market presence!
- Funding Rounds: Flipkart has raised an impressive $10.136 billion across 33 funding rounds. The latest funding round was a Corporate Minority – V for $350 million on May 24, 2024.
Detailed Explanation: Flipkart stock price
What Is Flipkart?
Flipkart is a major player in the Indian e-commerce landscape. It offers a wide range of products, from electronics and fashion to home essentials. Walmart acquired a majority stake in Flipkart in 2018, solidifying its position as a dominant force in the online retail space.
Why Isn’t Flipkart Directly Listed?
Unlike publicly traded companies, Flipkart isn’t currently listed on any stock exchange. Its absence from the stock market means that we can’t pinpoint an exact share price. However, there’s speculation that Flipkart might eventually go public, potentially in the United States.
Flipkart stock price: Valuation and Funding
- Valuation: As mentioned earlier, Flipkart’s valuation reached $35 billion in July 2023. This valuation reflects the market’s perception of the company’s worth.
- Funding Rounds: Over the years, Flipkart has secured substantial funding. The recent Corporate Minority – V round brought in $350 million. Investors believe in Flipkart’s growth potential, which drives these funding rounds.
Keep an Eye Out On Flipkart stock price
Investors and enthusiasts should closely monitor Flipkart’s journey. If it eventually goes public, we’ll have a clearer picture of its share price and market performance.
Remember, investing involves risks, and it’s essential to do thorough research before making any financial decisions. 📈
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