Flipkart Welcomes Google as Investor in Latest Funding Round

Flipkart announces Google as a minority investor in its latest funding round led by Walmart.

  • Flipkart announces Google as a minority investor in its latest funding round led by Walmart.
  • The partnership aims to modernize Flipkart’s digital infrastructure and expand its business across India.
  • Flipkart’s grocery business has seen significant growth, with next-day deliveries available in over 200 cities.

Flipkart, the leading Indian e-commerce platform, has revealed that Google will be joining as a minority investor in its latest funding round, spearheaded by Walmart. This collaboration, pending regulatory approvals, is expected to bring significant benefits to Flipkart’s operations and customer service.

The partnership with Google includes not only investment but also a Cloud collaboration aimed at modernizing Flipkart’s digital infrastructure. This initiative aims to enhance Flipkart’s ability to serve customers across India efficiently.

One area where Flipkart has experienced notable growth is its grocery business, which has expanded by 1.6 times compared to the previous year. With next-day deliveries available in over 200 cities, including major metros and tier 2+ towns, Flipkart Grocery is catering to a wide customer base. Moreover, the company’s commitment to sustainability is evident, with over 50% of grocery deliveries being made through electric vehicles (EVs). Flipkart has recorded a remarkable 140% year-on-year growth in EV usage, reflecting its dedication to eco-friendly practices.