In 2024, Flipkart raised $350 million from Google as part of a funding round led by Walmart, bringing the total for this round to approximately $950 million. This investment aims to enhance Flipkart's digital infrastructure and expand its grocery business, which has seen significant growth13. Despite this funding, Flipkart's valuation dropped to around $35 billion, down from $40 billion in early 2022, largely due to the demerger of PhonePe.
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