$36 Billion-Valued Flipkart Gets $350 Million Google Investment

Google has invested $350 million in Flipkart, valuing the e-commerce giant at $36 billion, a source familiar with the matter told Mint. Despite the significant investment, Google will not gain a seat on Flipkart”s board, according to the report.

Flipkart confirmed the investment but did not disclose the exact amount. “As part of the latest funding round led by Walmart, Flipkart today announced that it will be adding Google as a minority investor, subject to receipt of regulatory and other customary approvals by both parties,” the e-commerce retailer stated on Friday.

Walmart-owned Flipkart highlighted that Google”s investment and its cloud collaboration will aid in expanding Flipkart”s business and modernizing its digital infrastructure.

Flipkart”s statement emphasised the commitment to bolstering India”s digital economy: “Google’s proposed investment and its Cloud collaboration will help Flipkart expand its business and advance the modernization of its digital infrastructure to serve customers across the country.”

The Flipkart Group, established in 2007, includes Flipkart, Myntra, Flipkart Wholesale, Flipkart Health+, and Cleartrip. It boasts over 500 million registered users and a marketplace offering more than 150 million products across 80+ categories. With over 1.4 million sellers, including Shopsy sellers, Flipkart continues to empower and delight customers through technology and innovation, pioneering services like Cash on Delivery, No Cost EMI, Easy Returns, and UPI.