As of January 2024, Flipkart's value has dropped by $5 billion, or around Rs 41,000 crore, from January 2022 to January 2024, based on stock transactions by the US parent firm Walmart. From $40 billion at the conclusion of the fiscal year that concluded on January 31, 2022, to $35 billion as of January 31, 2024, was the e-commerce company's valuation.
This decline is the result of PhonePe, a fintech startup, demerging into an independent business. Despite this, it is now believed that Flipkart is valued at between $38 and $40 billion. Walmart acquired 8% of Flipkart's equity in FY2022 for $3.2 billion, valued at a $40 billion acquisition.
Flipkart's value as of January 2024 has dropped by $5 billion, or around Rs 41,000 crore, from January 2022 to January 2024, based on stock transactions by the US parent firm Walmart. By the time the e-commerce company's fiscal year finished on January 31, 2022, its valuation had dropped from $40 billion to $35 billion.
This decline is the result of the financial company PhonePe defecting into its own business. Despite this, it is now believed that Flipkart is worth between $38 and $40 billion. Walmart acquired 8% of Flipkart's shares in FY2022 for $3.2 billion, valuing the acquisition at $40 billion.
Flipkart contests Walmart's claim on the company's decreased valuation and sees it as a fair adjustment, especially in light of PhonePe's 2023 split.
"This reading is not accurate. News agency PTI cited a Flipkart representative as stating, "The PhonePe separation was completed in 2023, which saw an appropriate adjustment in Flipkart's valuation."
Flipkart's organic valuation is reportedly unchanged, according to sources. PhonePe raised $850 million from investors, and today it is valued at more over $12 billion. Flipkart's 2023 GMV growth is estimated to have increased by 25–28% year over year, which is anticipated to have increased the company's current worth.
In actuality, given the rise in GMV (gross merchandise value) and approaching profitability, the valuation of Flipkart would have been closer to $38–40 billion if it had been done today. However, since 2021, Flipkart has not conducted a similar assessment process," the person stated.
However, since 2021, Flipkart has not undergone a valuation process. With total costs of Rs 60,858 crore, the firm reported a net loss of Rs 4,846 crore and a consolidated net total income of Rs 56,012.8 crore for FY23.
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