Flipkart is said to add Google as an investor in its latest funding round that will be held in Bengaluru on May 24, 2024. Led by Walmart, the former announced it will be adding Google as a minority investor in its latest funding round.
However, it is important to note that this move is subjected to regulatory and other customary approvals. Hence, Google's investment and Cloud collaboration will be focused on Flipkart expanding its business and modernizing its digital infrastructure to serve customers across India.
And, if we compare to last year, Flipkart has seen its grocery business grow by 1.6 times. Currently, Flipkart Grocery offers next-day deliveries across 200+ cities which include metro cities such as Bangalore, Chennai, Kolkata, Mumbai, New Delhi, and tier 2+ towns which includes Anantapur, Moradabad, Nagaon, Berhampore, Gorakhpur, Saharsa, Shimoga, Vellore, to name a few.
Adding to this, the company boasts and claims that over 50 percent of grocery deliveries are made through electric vehicles (EVs). With this, the overall EV growth has been recorded to 140 percent YoY.
