Flipkart Raising $200Mn From Carlyle And General Atlantic?

There have been a lot of speculation regarding the latest valuation and series D funding of Flipkart. While a billion dollar valuation has been talked about and also been ridiculed, there wasn’t any credible name that came forward until now. A Reuters report names US based PE firms Carlyle and General Atlantic (was rumored earlier as well) to be talks with Flipkart for an investment of $150-200Mn (at a valuation of $1Bn?). Though it is reported that the deal is still midway due to differences in valuation.

Given that this is series D and also looking at the pink health of Flipkart (from an outsider’s perspective) it does not seem that the dilution would be anything more than 15-20%. Which would mean a $1Bn valuation, post money.


Recommended Read: Read the unofficial Story of Flipkart to know what makes it a billion dollar company.


Lately, Flipkart’s traffic has taken a major leap owing to the heavy ATL advertising spends.

With Alexa India rank of 35, it is second only to Ebay India, amongst the eCommerce players.

Quick look at Flipkart funding announcements:

A. Oct 2009 – Accel India

B. June 2010 – Tiger Global – $8-10Mn

C. June 2011 – Tiger Global – $20Mn

There are rumors that Flipkart may acquire the Chakpak.com team. Chakpak’s traffic has taken beating for the last 1 year and is drastically falling (read: Chakapak Analysis). It’s interesting to note that Accel India is a common investor between the two companies. Also an interesting co-incidence is that like Flipkart both of Chakpak’s founders are IITD/Ex-Amazon.

Too much going at Flipkart’s HQ? Well, watch this UnPluggd video where Sachin Bansal, Founder & CEO shared the Flipkart story

[Naman is a startup enthusiast and has worked with couple of Indian startups as Product Manager. He writes at The Inspire Blog]