In July, Flipkart Group raised $3.6 billion at a valuation of $37.6 billion. “Flipkart and PhonePe are proud, homegrown Indian brands with a user base upwards of 400 million each.

Flipkart, in which U.S. retail behemoth Walmart holds a more than 80% stake, applied for the licence in 2022, according to the central bank’s approval letter.

Walmart's Indian e-commerce company Flipkart has internally raised its IPO valuation target by around a third to $60-70 billion, and now plans a U.S. listing in 2023 instead of this year, two ...

However, Flipkart is expected to file for an IPO in the country sometime next year. In 2022, Walmart-backed PhonePe, which split from Flipkart in late 2022, moved its headquarters to India from ...

Flipkart commenced a $700 million “one-time discretionary” cash payout to employees on Friday, the single-largest such compensation in the Indian startup ecosystem. The Walmart-backed ...

Indian e-commerce giant Flipkart has quietly started rolling out its own payments app, dubbed Super.money, as it broadens its fintech ambitions more than a year and half after separating from PhonePe.

Indian e-commerce firm Flipkart's biggest shareholder Walmart is set to infuse about $600 million in a new fundraise for the startup, a Flipkart spokesperson said on Thursday.