Is Flipkart Listed in the Stock Market? – Funding, Acquisitions & IPO!
Key Points:
- Flipkart share prices , a major Indian e-commerce platform, is not yet listed in the stock market.
- Plans for its IPO have been delayed but are anticipated in 2023, valuing the company between $60-70 billion.
- Flipkart’s competitors include Amazon, Snapdeal, Alibaba, and emerging players like Paytm and JioMart.
Introduction:
Flipkart, a prominent e-commerce giant, has yet to make its debut on the stock market, with its anticipated IPO delayed until 2023.
When Walmart acquired Flipkart in 2018 for a staggering $16 billion, it harbored aspirations to shepherd the Indian e-commerce titan into the public domain within a span of approximately four years. Despite the ensuing developments, a lingering query persists: Is Flipkart presently enlisted in the stock market?
Founded in 2007 by former Amazon employees Sachin Bansal and Binny Bansal, Flipkart, headquartered in Bengaluru, finds its incorporation in Singapore. Echoing Amazon’s trajectory, Flipkart embarked on its journey by specializing in the sale of literature, particularly books.
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Gradually diversifying its offerings to encompass electronics, apparel, household essentials, and groceries, Flipkart extended its reach to encompass other e-commerce platforms like Myntra and Jabong.
The exponential growth witnessed alongside the decline of traditional brick-and-mortar establishments underscores a distinctive business opportunity, unhampered by the customary exorbitant entry barriers.
From the vantage point of a founder, the allure of capitalizing on the burgeoning e-commerce landscape beckons. Simultaneously, investors contemplate their inclusion in this transformative milieu, striving not to be left behind.
Flipkart stands as a behemoth in the e-commerce realm, having firmly entrenched itself prior to the proliferation of online retail, drop-shipping, and e-commerce platforms.
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About The Company
Commencing as an online purveyor of books, Flipkart has progressively evolved to rival Amazon, a colossus in the global business arena.
Boasting a 40% market share in the e-commerce domain, Flipkart’s ascendancy is evident, fueled in part by strategic acquisitions. Furthermore, it ranks among the pioneering e-commerce enterprises in India, prompting investors to ponder its stock market listing.
Companies Acquired By Flipkart
Flipkart’s acquisition spree, spanning 22 entities, has significantly bolstered its e-commerce dominion in India. Noteworthy acquisitions include:
- Myntra
- PhonePe
- Yaantra
- Liv.ai
- eBay India
- Jabong
- ClearTrip
How Much Has Flipkart Raised?
Flipkart’s funding trajectory, depicted through a pie chart, illustrates a diverse array of stakeholders.
As of July 6, 2021, notable investors and their respective stakes include:
- Accel: 11%
- Microsoft: 1.2%
- Gatar Investment Authority: 1.3%
- SoftBank: 1.4%
- CPPIB: 2.2%
- Binny Bansal: 2.4%
- Tiger Global: 4.1%
- Tencent: 5.3%
- Others: 72%
Source: Economictimes
To date, Flipkart has amassed over $12.9 billion across 26 funding rounds, securing investments from approximately 30 entities.
Notable Investors of Flipkart
- Walmart
- Softbank Vision Fund
- Tencent
- Tiger Global Management
- Franklin Templeton Investors
Is Flipkart Listed in the Stock Market?
Presently, Flipkart remains unlisted. In India, public listing entails trading on either the Bombay Stock Exchange or the National Stock Exchange. Conversely, its principal rival, Amazon, is listed in the United States.
Circumstances such as the global pandemic and geopolitical tensions, notably the Russia-Ukraine conflict, have delayed Flipkart’s public offering, with projections indicating a prospective debut in 2023, per an Economic Times report.
Additionally, strategic considerations to enhance the company’s valuation and diversify into burgeoning sectors like online healthcare and travel bookings underscore the delay. Analysts project Flipkart’s IPO valuation to range between $60-70 billion.
When Will Flipkart Go Public?
While unconfirmed, speculations suggest Flipkart may debut on the public market in 2023, with plans to list in the United States.
What Is Flipkart’s Share Price?
At present, Flipkart’s absence from the stock market precludes an ascertainable share price. Even upon listing, its public debut is anticipated in the United States, rendering its current share price unattainable. Platforms like Altus Investech offer avenues for investment in unlisted companies.
Flipkart Competitors
Operating primarily in India, Flipkart, though headquartered in Singapore and poised for a US listing, contends with formidable adversaries such as Amazon, Snapdeal, Alibaba, and Etsy. Emerging contenders like Paytm, JioMart, and BigBasket further intensify competition within the e-commerce sphere.
In Conclusion
This discourse endeavors to elucidate the inquiry surrounding Flipkart’s stock market listing.
While Flipkart’s path to public listing may diverge from conventional avenues, prospective investors can explore alternative avenues, including investment in US stocks post-listing.
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