Flipkart attribute the fall in valuation to the demerger of fintech firm PhonePe into a separate entity.
E commerce company Flipkarts valuation has decreased by USD 5 billion as of Jan 2024 compared to that in January 2022 according to equity transactions carried out by its US based parent company Walmart.
The valuation of the e commerce company declined to 35 billion US$ as january 31, 2024 from USD 40 billion in financial year ended on January 31, 2022 as per Walmart change in equity structure in Flipkart.
Valuation Exercise