Flipkart valuation declines by over $5 billion in 2 years

Flipkart’s valuation has declined by $5 billion or around Rs. 41,000 crore as of January 2024 compared to that in January 2022, according to equity transactions carried out by its U.S.-based parent firm Walmart.

The valuation of the e-commerce firm declined to $35 billion as of January 31, 2024, from $40 billion in the financial year ended on January 31, 2022, as per Walmart’s change in equity structure in Flipkart.