E-Commerce: Flipkart's valuation affected due to separation of phones, reduced to Rs 41 thousand crores
E-Commerce: According to this, the valuation of the e-commerce company comes to 40 billion dollars. In 2023-24, Flipkart increased its stake in the company by 10 per cent to 85 per cent by paying $3.5 billion.
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In just two years, Flipkart's valuation—an online retailer—has dropped by Rs 41,000 crore. In the fiscal year that ended on January 31, 2022, its valuation was $ 40 billion; on January 31, 2024, it was down to $ 35 billion. The division of PhonePe into a distinct business is the cause of the drop in Flipkart's valuation.
According to sources, Flipkart is currently valued between $38 and $40 billion. In the fiscal year 2021–2022, Flipkart's parent company, Walmart, sold an eight per cent stake in the company for a sum of $3.2 billion.
According to this, the valuation of the e-commerce company comes to $40 billion. In 2023-24, Flipkart increased its stake in the company by 10 per cent to 85 per cent by paying $3.5 billion.
