Flipkart Stock Market Status: Funding, IPO, and Competitors

Is Flipkart Listed in the Stock Market?

No, Flipkart is not listed on the stock market yet. The company has delayed its IPO, but it is expected to go public in 2023. The valuation of Flipkart is projected to be between $60 billion and $70 billion.

Flipkart Overview:

Flipkart was founded in 2007 by Sachin and Binny Bansal. Initially, it sold books online. Today, it is one of India’s largest e-commerce platforms, offering products in categories like electronics, fashion, groceries, and more. Headquartered in Singapore, Flipkart competes with major players like Amazon, Snapdeal, and Alibaba. New competitors like Paytm, JioMart, and BigBasket are also making waves.

Funding and Growth:

Flipkart has raised more than $12.9 billion through 26 funding rounds. Investors like Walmart, SoftBank, Tencent, and Tiger Global have contributed. Over the years, the company has expanded through acquisitions of businesses such as Myntra, PhonePe, and Jabong, strengthening its position in the Indian market.

Flipkart IPO:

Currently, Flipkart remains unlisted. It plans to list in the U.S., unlike its competitor Amazon, which is listed in the U.S. stock market. The global pandemic and ongoing geopolitical tensions have delayed Flipkart’s public offering, but experts suggest it will occur in 2023. This IPO is expected to be one of the most significant in the Indian e-commerce sector.

When Will Flipkart Go Public?

The company is expected to list in 2023, but the exact date is still unclear. It plans to debut in the U.S. stock market, and once it is listed, Flipkart’s stock price will become available.

Flipkart’s Share Price:

Since Flipkart is not yet publicly traded, there is no current share price. After the IPO, the share price will depend on market conditions. For now, those interested in investing in Flipkart can explore opportunities in unlisted shares through platforms like Altus Investech.

Competitors of Flipkart:

In the Indian market, Flipkart competes with major players like Amazon and Snapdeal. It also faces rising competition from Alibaba’s AliExpress, Paytm, JioMart, and BigBasket. These companies have gained significant traction, especially in the e-commerce and online grocery sectors.

Conclusion:

Flipkart is on its way to going public, but it has not yet listed its shares. If you are looking to invest, keep an eye on its IPO in 2023. Once the company goes public, you will be able to purchase shares on the U.S. stock market. For now, you can track its progress and stay updated on the latest developments in Flipkart’s growth.