Flipkart
Reviewed acquired Updated Mar 19, 2026This profile is AI-generated. If you spot an error, please help us fix it by sharing a URL to the correct information.
Investors
Founders
About
Flipkart is an Indian e-commerce company founded in October 2007 by Sachin Bansal and Binny Bansal, both former Amazon employees and IIT Delhi alumni 1. In August 2018, Walmart acquired a 77% controlling stake in Flipkart for US$16 billion, valuing the company at approximately US$20 billion 12. Flipkart has raised a total of $12.1B across 22 rounds from 128 investors 3.
Funding History
| Round | Date | Amount | Lead Investor(s) | Notable Co-Investors |
|---|---|---|---|---|
| Series A | 2009 | $1M | Accel India | — 13 |
| Series B | Jun 2010 | $10M | Tiger Global | — 13 |
| Series C | Jun 2011 | $20M | Tiger Global | — 1 |
| Series C-2 | Aug 2012 | $150M | Naspers (MIH) | ICONIQ Capital 1 |
| Series D | May 2014 | $210M | DST Global | Tiger Global, Naspers, ICONIQ Capital 1 |
| Series D-2 | Jul 2014 | $1B | Tiger Global | Accel Partners, Morgan Stanley, GIC 14 |
| Series E | Dec 2014 | $700M | — | Baillie Gifford, Greenoaks Capital, Steadview Capital, T. Rowe Price, Qatar Investment Authority, DST Global, GIC, ICONIQ Capital, Tiger Global 1 |
| Series H | Apr 2017 | $1.4B | — | Tencent, eBay, Microsoft 15 |
| Series I | Aug 2017 | $2.5B | SoftBank Vision Fund | — 56 |
| Series J | Jul 2021 | $3.6B | GIC, CPP Investments, SoftBank Vision Fund 2, Walmart | Tencent, Tiger Global, Qatar Investment Authority, Franklin Templeton, Antara Capital, Willoughby Capital 78 |
| Latest | May 2024 | $350M | — 3 |
What Investors Say
No independently sourced investor quotes found at this time.
What Founders Say
Binny Bansal described the Walmart sale process in a 2019 CNBC interview 2. Sachin Bansal departed the company after the Walmart acquisition, selling his 5.5% stake 1.
Sources
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“Flipkart,” Wikipedia, accessed March 2026. https://en.wikipedia.org/wiki/Flipkart↩↩↩↩↩↩↩↩↩↩↩
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“Binny Bansal: How I sold Flipkart to Walmart for $16 billion,” CNBC, May 21, 2019, accessed March 2026. https://www.cnbc.com/2019/05/21/binny-bansal-how-i-sold-flipkart-to-walmart-for-16-billion.html↩↩
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“Flipkart - Funding, Financials, Valuation & Investors,” Crunchbase, accessed March 2026. https://www.crunchbase.com/organization/flipkart/company_financials↩↩↩↩
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“From $1 million to $1.4 billion: A timeline of investments into Flipkart,” Quartz India, accessed March 2026. https://qz.com/india/954112/from-1-million-to-1-4-billion-a-timeline-of-flipkarts-investments↩
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“SoftBank Vision Fund invests $2.5 billion in Flipkart,” Scroll.in, August 10, 2017, accessed March 2026. https://scroll.in/latest/846824/softbank-vision-fund-invests-2-5-billion-in-flipkart↩↩
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“Flipkart gets fortified by Softbank’s $2.5bn, biggest private investment in Indian tech company,” Business Today, accessed March 2026. https://www.businesstoday.in/current/corporate/flipkart-softbank-investment-funded-billion/story/258206.html↩
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“Flipkart Raises US$3.6 Billion in Funding,” Walmart Corporate, July 12, 2021, accessed March 2026. https://corporate.walmart.com/news/2021/07/12/flipkart-raises-us-3-6-billion-in-funding-to-accelerate-the-growth-of-the-consumer-internet-ecosystem-in-india↩
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“Flipkart valued at $37.6 billion in new $3.6 billion fundraise,” TechCrunch, July 11, 2021, accessed March 2026. https://techcrunch.com/2021/07/11/flipkart-valued-at-37-6-billion-in-new-3-6-billion-fundraise/↩