Flipkart Net Worth 2026: Valuation, Revenue and IPO Plans

Flipkart was last valued at about $36 billion in a funding round, in May 2024. An employee share buyback in July 2026 implied about $38.2 billion, but that figure is not an official company valuation. Flipkart remains unlisted. Walmart owns roughly 80% of the company. In FY26, group revenue grew 18% to about ₹1.46 lakh crore and the net loss narrowed slightly to ₹8,468 crore.

How to Measure Flipkart’s Net Worth

Flipkart has no share price, so it has no market capitalisation. Its “net worth” is usually taken to be the valuation set in its latest funding round or share transaction. These numbers come from private deals and are not set by a public market. They change only when new money comes in or shares change hands, and they can differ from what Flipkart might fetch at a listing.

Flipkart Valuation History

The newest figure comes from the employee stock buyback. Its second tranche was priced at ₹713.4 per option, about 6% above the first tranche in July 2025, Free Press Journal reported, citing Moneycontrol. People familiar with the matter said a more reliable valuation will come only from a new funding round or an IPO.

Revenue and Losses: FY25 and FY26

Flipkart reports through several Indian companies, which can make its numbers confusing. The figures below come from filings with the Registrar of Companies (RoC) or from the company’s own disclosures, as reported by Indian business media.

Group results (consolidated)

In FY26 (the year to March 2026), consolidated revenue from operations rose 18% to ₹1,45,880 crore. The net loss narrowed to ₹8,468 crore from ₹8,646 crore, Inc42 reported in October 2026. Gross margin was up 23% and advertising revenue grew 31%.

The net loss barely improved, however. Finance costs rose to ₹1,209 crore from ₹649 crore, borrowings more than doubled to about ₹13,708 crore, and Flipkart raised no fresh equity during the year.

Flipkart Internet (marketplace)

RoC documents show Flipkart Internet Private Limited’s operating revenue fell 19% in FY26 to ₹16,295 crore. Its net loss rose to ₹5,498 crore, from a restated ₹1,694 crore in FY25. The FY25 figures were restated because of the group restructuring, so the two years are not strictly like for like. Before the restatement, the marketplace had reported FY25 revenue of ₹20,493 crore and a loss of ₹1,494 crore.

Flipkart India (wholesale arm)

For FY25, Flipkart India Private Limited reported consolidated revenue of ₹82,787 crore, up 17%, and a loss of ₹5,189 crore, according to Tofler data quoted by YourStory. Its separate FY26 accounts were not in the reports we reviewed.

IPO Plans: Where Things Stand in October 2026

Flipkart has now completed the legal groundwork for an Indian listing. In December 2025 the National Company Law Tribunal approved a scheme to merge its Singapore holding entities into the Indian business. The move of its domicile back to India was completed in March 2026, reversing the shift to Singapore made in 2011. Employee stock options were converted into shares of the Indian entity.

The timing of the IPO is less clear. In March, Reuters reported that Flipkart wanted to list before March 2027. In May 2026, however, several outlets reported, citing Moneycontrol and The Economic Times, that the IPO had been put on hold. According to those reports, Walmart wants Flipkart to reach EBITDA breakeven in FY27 first. They also pointed to market volatility linked to the West Asia conflict and a busy pipeline of large listings. That pipeline included Reliance’s telecom arm; see our coverage of the Jio Platforms IPO.

As of 30 October 2026, we could find no report that Flipkart has filed a draft red herring prospectus with SEBI. A planned pre-IPO round of $2–2.5 billion was also reported to be on hold.

Who Owns Flipkart

Walmart bought a 77% stake in 2018. It has since bought out other investors, including Tiger Global’s remaining stake in 2023 for $1.4 billion. Most reports now put Walmart’s holding at about 80%, but the company does not publish an exact figure and one report gave about 70%. Flipkart’s international business sits inside Walmart’s International segment, which grew 7.9% to $33.7 billion in Walmart’s August 2026 quarter, with India and China leading.

Leadership

Kalyan Krishnamurthy remains Group CEO, a role he has held since 2017–18. In July 2026 he wrote to employees confirming that the buyback milestones had been met. Group CFO Sriram Venkataraman stepped down in March 2026 after about 15 years, and Ravi Iyer was promoted to replace him. For more senior moves at Indian consumer companies, follow our Appointments coverage.

Key Businesses

• Flipkart marketplace: the core e-commerce business, holding an estimated 50–60% share of Indian e-commerce GMV, according to Inc42.
• Myntra: fashion and lifestyle e-commerce. It reported an FY26 net loss of ₹579 crore, after a profit of ₹548 crore in FY25. The FY26 loss includes a deferred-tax write-off of ₹137.5 crore.
• Flipkart Minutes: quick commerce, launched in August 2024. It had about 1,200 micro-fulfilment centres across 150+ cities by October 2026 and is aiming for around 1,500 by year-end. Rivals Blinkit and Instamart are covered in our Eternal Q2 results report.
• Cleartrip: online travel. Its FY25 net loss narrowed 20% to ₹651 crore.
• Ekart: logistics, with FY25 operating revenue of about ₹13,733 crore.
• super.money: Flipkart’s UPI payments and fintech app, launched in 2024 and still being funded by the group.

Frequently Asked Questions

What is Flipkart’s net worth in 2026?

Flipkart’s last funding-round valuation was about $36 billion (May 2024). A July 2026 employee buyback implied about $38.2 billion, which is a reported estimate and not an official valuation.

Is Flipkart profitable?

No. The group reported a net loss of ₹8,468 crore in FY26 on revenue of about ₹1.46 lakh crore. Reports say Walmart wants EBITDA breakeven in FY27.

When is the Flipkart IPO?

No date has been set. Flipkart moved its domicile to India in March 2026, but reports from May 2026 said the listing was on hold. No DRHP had been filed as of late October 2026.

Who owns Flipkart?

Walmart is the majority owner, with a stake reported at about 80%. The rest is held by other investors and by current and former employees.