Flipkart Explores ₹16,600–₹20,750 Crore Pre-IPO Fundraise Ahead Of Listing Plans

Walmart-owned Flipkart is exploring a pre-IPO fundraise of $2–2.5 billion (₹16,600–₹20,750 crore) from private investors as it prepares for a potential public listing, according to sources cited by Moneycontrol.

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The proposed round, if completed, would mark the company’s second major private capital raise in two years, following a $350 million (₹2,905 crore) investment by Google in 2024. Flipkart was last valued at $36 billion during that funding round.

Fundraise Subject To Walmart Approval

The final decision on the fundraise will depend on Walmart, which holds over 80% stake in Flipkart, according to sources. Any dilution of stake requires approval from the U.S.-based parent company.

Flipkart said it does not comment on market speculation and remains focused on long-term growth, in response to queries from Moneycontrol.

Investor Outreach Underway

As part of the process, Flipkart Group CEO Kalyan Krishnamurthy has met investors across Singapore, the U.S., and London in recent months to assess demand for a private funding round, according to sources.

The company has also engaged with global investment banks, including Goldman Sachs, JP Morgan, Bank of America, and Citigroup, as well as domestic institutions such as Axis Bank, JM Financial, and Kotak Mahindra Bank, to evaluate fundraising options.

Sources said discussions are at an early stage and details such as valuation have not yet been finalised.

IPO Timeline And Business Position

Flipkart is expected to proceed with its initial public offering within 12–18 months, according to sources cited by Moneycontrol. The listing is likely to provide an exit opportunity for existing investors.

The Flipkart group includes businesses such as Myntra, Cleartrip, Ekart, and Super. Money remains one of India’s largest e-commerce platforms by gross merchandise value.

Financial Performance And Expansion Plans

Flipkart Internet Private Limited reported a consolidated net loss of ₹1,494.2 crore in FY25, narrowing from ₹2,358.7 crore in FY24. Revenue from operations rose 14.4% to ₹20,493.3 crore from ₹17,907.3 crore, according to company filings.

The corporation is also scaling up its quick commerce business, which includes investments into its 10-minute delivery services and logistics systems.

This fundraising round occurs as a result of stiff competition in the e-commerce and quick commerce sectors as Flipkart prepares to go public.