Daily Expert News
No Result
View All Result
Monday, May 16, 2022
  • Login
  • Register
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Arts & Culture
  • Education & Career
  • India
  • Politics
  • Top Stories
Daily Expert News
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Arts & Culture
  • Education & Career
  • India
  • Politics
  • Top Stories
No Result
View All Result
Daily Expert News
No Result
View All Result
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Arts & Culture
  • Education & Career
  • India
  • Politics
  • Top Stories
Home Economy

Flipkart IPO is likely to come next year; Valuation Raised to $60-70 Billion: Report

by Nick Erickson
April 7, 2022
in Economy
125 8
0
Flipkart IPO is likely to come next year; Valuation Raised to $60-70 Billion: Report
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT


The ongoing global volatility caused by the conflict between Russia and Ukraine has also prompted the Indian giant to reconsider its IPO timeline.

Flipkart IPO is set to open earlier this year.

Flipkart IPO: India’s major e-commerce company Flipkart, which is owned by US-owned Walmart, has increased its IPO valuation by a third internally. According to a report, the new value of Flipkart IPO will be around $60-70 billion. The company is also planning its listing in U.S. markets in 2023, rather than this year, according to sources cited by the report. The timeline rethinking has more than one reason, the sources said.

According to the Reuters report, Flipkart, the Indian e-commerce platform that competes with Jeff Bezos’ Amazon in the country with a thriving e-commerce space, had previously set an IPO valuation target of $50 billion. “The main reason for waiting for the IPO is Flipkart’s internal plan to further boost valuations by focusing on two of its relatively new businesses – online healthcare services and travel bookings,” the report said, citing two individuals as saying. direct knowledge of the matter.

Other sources familiar with the development also confirmed that the ongoing global volatility caused by the conflict between Russia and Ukraine also led the Indian giant to reconsider its IPO timeline. Flipkart IPO is set to open earlier this year.

In 2021 Flipkart had acquired the travel booking platform Cleartrip.

Read all the latest news, breaking news and IPL 2022 Live Updates here.

ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Tags: billionDailyExpertNewsFlipkartIPOraisedReportvaluationyear

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
ADVERTISEMENT

Related Posts

LIC IPO: Mega Listing Gains for Investors? Know what GMP proposes today
Economy

LIC Policyholders: Buy, Sell or Hold What Should You Do After the LIC IPO Lists Come Out Tomorrow?

May 16, 2022
Adani Wilmar Crosses 1 Lakh Crore in MCap After Soaring 247% Since Listing
Economy

Adani buys Ambuja Cement, ACC from Holcim in India’s largest cement deal; 6 important points

May 16, 2022
Delhivery IPO GMP, Price, Size, Minimum Order, Company Profile, Analysis; Key details
Economy

Venus Pipes & Tubes IPO Assignment Date, Links, Listing Date, GMP Today; 10 points

May 16, 2022
Delhivery IPO 1.63x entered; Share Assignment, Listing Date, Delhivery IPO GMP Today
Economy

Delhivery IPO GMP, Share Allotment This Week; Know the listing date, important details

May 16, 2022
Sensex wins over 1,300 points, handy offenses 16,700; Know why the market is rising today
Economy

Stock Market This Week: LIC IPO Listing, Q4 Results, Other Factors To Watch

May 16, 2022
Ambuja Cement Share Wins After Adani Group Wins Race to Buy Holcim Stake in Ambuja, ACC
Economy

Ambuja Cement Share Wins After Adani Group Wins Race to Buy Holcim Stake in Ambuja, ACC

May 16, 2022
  • Trending
  • Comments
  • Latest
Live updates: Russia invades Ukraine

Ukraine pledges ‘immediate investigation’ after video surfaced of soldiers shooting Russian prisoners

March 28, 2022
An Anaconda's Playdate With Dolphins Took a Strange Turn

An Anaconda’s Playdate With Dolphins Took a Strange Turn

May 2, 2022
'Better Call Saul' Season 6, Episode 2: Do the Hustle

‘Better Call Saul’ Season 6, Episode 2: Do the Hustle

April 19, 2022
And now the $200,000 facelift

And now the $200,000 facelift

May 3, 2022

Hello world!

0
NDTV News

IT startup Fareye aims to change Unicorn within a year, founder says

0
How did Stephanie Murphy, a holdout on Biden's agenda, help save it?

How did Stephanie Murphy, a holdout on Biden’s agenda, help save it?

0
How did Stephanie Murphy, a holdout on Biden's agenda, help save it?

How did Stephanie Murphy, a holdout on Biden’s agenda, help save it?

0
Supreme Court rules for Ted Cruz in Campaign Financing case

Supreme Court rules for Ted Cruz in Campaign Financing case

May 16, 2022
After Buffalo Creates Video Spreads, Social Platforms Face Questions

After Buffalo Creates Video Spreads, Social Platforms Face Questions

May 16, 2022
Brother of Al Jazeera journalist Shireen Abu Akleh denounces violent actions by Israeli police at her funeral | CNN

Brother of Al Jazeera journalist Shireen Abu Akleh denounces violent actions by Israeli police at her funeral | DailyExpertNews

May 16, 2022
NDTV News

Ex NSE chief Chitra Ramkrishna denied bail, court cites Bob Dylan song

May 16, 2022
ADVERTISEMENT

Recent News

Supreme Court rules for Ted Cruz in Campaign Financing case

Supreme Court rules for Ted Cruz in Campaign Financing case

May 16, 2022
After Buffalo Creates Video Spreads, Social Platforms Face Questions

After Buffalo Creates Video Spreads, Social Platforms Face Questions

May 16, 2022

Categories

  • Africa
  • Americas
  • art-design
  • Arts
  • Asia Pacific
  • Astrology News
  • books
  • Books News
  • Business
  • Cricket
  • Cryptocurrency
  • Dance
  • Dining and Wine
  • Economy
  • Education & Career
  • Europe
  • Fashion
  • Food
  • Football
  • Gadget
  • Gaming
  • Golf
  • Health
  • Hot News
  • India
  • Indians Abroad
  • Lifestyle
  • Markets
  • Middle East
  • Most Shared
  • Motorsport
  • Movie
  • Music
  • New York
  • Opinion
  • Politics
  • press release
  • Real Estate
  • Review
  • Science & Space
  • Sports
  • Sunday Book Review
  • Tax News
  • Technology
  • Television
  • Tennis
  • Theater
  • Top Movie Reviews
  • Top Stories
  • Travel
  • Uncategorized
  • Web Series
  • World

Site Navigation

  • Home
  • Advertisement
  • Contact Us
  • Privacy & Policy
  • Other Links

We bring you the Breaking News,Latest Stories,World News, Business News, Political News, Technology News, Science News, Entertainment News, Sports News, Opinion News and much more from all over the world

©Copyright DailyExpertNews 2022

No Result
View All Result
  • Contact Us
  • Home
  • Top Stories
  • World
  • Economy
  • Business
  • Opinion
  • Markets
  • India
  • Education & Career
  • Arts
  • Advertisement
  • Tax News
  • Markets

©Copyright DailyExpertNews 2022

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.