Flipkart Internet Raises ₹533 Crore via Rights Issue
Bengaluru, April 2025 – Flipkart Internet, the marketplace arm of Walmart‑owned Flipkart, has secured fresh capital of ₹533 crore (US$62 million) through a rights issue, according to recent filings with India’s Registrar of Companies (RoC).
Under the fundraising, Flipkart Internet allotted 76,179 new equity shares at a per-share price of ₹69,966.28 (approximately $ 839). Its Singapore‐based parent, Flipkart Marketplace Private Limited, and its subsidiary, Quickroutes International Private Limited, fully exercised the subscription rights.
This infusion of funds will bolster Flipkart Internet’s working capital and support further expansion of its marketplace operations, which compete fiercely against Amazon India and Reliance’s JioMart in serving millions of online shoppers nationwide.
Flipkart Internet has diversified its offerings in recent years, ranging from grocery delivery under Supermart to quick commerce via its Blinkit subsidiary, positioning itself as a one-stop platform for consumer essentials. The ₹533 crore capital raise underscores Walmart’s continued commitment to scaling Flipkart’s marketplace ecosystem as e-commerce penetration deepens in India.
Key Details
- Amount raised: ₹533 crore (US$62 million)
- Shares issued: 76,179 equity shares
- Issue price: ₹69,966.28 per share (US$839)
- Subscribers: Flipkart Marketplace Private Limited (Singapore) and Quickroutes International Private Limited
With this latest rights issue, Flipkart Internet strengthens its financial firepower to invest in technology, logistics, and seller‐partner initiatives that aim to enhance consumer selection, pricing, and delivery speed.
About Flipkart –
Flipkart Internet Private Limited is the marketplace arm of Walmart‑owned Flipkart, founded in 2007 by Sachin and Binny Bansal. It connects millions of sellers—from global brands to local SMEs—with consumers across India, offering products in electronics, fashion, home goods, groceries (via Supermart), and quick commerce (via Blinkit). Backed by Walmart’s $16 billion investment, it leverages its proprietary logistics (Ekart), advanced AI-driven technology, and private labels to deepen its reach in urban and rural markets.
