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 bus
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Anonymous 1
Stealth • 4d
Losing PhonePe was bound to sting, but honestly, it’s not a bad thing. Flipkart can focus on its core e-commerce game instead of juggling fintech too.
0 replies1 like
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Game Changing Growths of India [ PART 3 ]
Flipkart was found in October 2007, in Bengaluru. They initially started by selling books and the initial investments were made by the families of the founders.
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Vaibhav Babruwan Shingde
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Vedant SD
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Hawk
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Easy way to sell digital keys on your website [Simple Tutorial]
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They were the fastest company EVER to hit a billion-dollar valuation.
Their revenue grew 22,000% in one year.
Then they refused Google's $6B acquisition offer.
Now, no one knows if they'll survive.
The crazy story of Groupon's meteoric rise — and
Top News of the Week:
1. Funding:
- On a weekly basis, startup funding surged 200% to $341.04 million as compared to around $113.39 million raised during the previous week
- During the week, equivalent to 32 Indian startups raised around $341 mil
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1) Flipkart-owned Cleartrip spent Rs 988 Cr to earn Rs 97 Cr in FY24
2) Man sets e-scooter on fire at Ather outlet in Chennai, alleges poor service
3) Musk gives 25% of xAI stake to those who funded Twitter buyout