Flipkart burns $3.7 billion in cash by September 2022.

HomeBusinessFlipkart burns $3.7 billion in cash by September 2022.

Published on

November 10, 2022

According to regulatory documents, Flipkart burned through USD 3.7 billion (about Rs 30,000 crore) in cash in about a year ending in September 2022.
Flipkart had USD 1 billion in cash in July 2021, but by September 2022, that amount had decreased to USD 887 million.
According to Flipkart and Walmart’s regulatory filings, the company raised USD 3.6 billion (about Rs 29,000 crore) in July 2021, and that funding has since been totally depleted.
According to estimates from the sector, it is the largest cash burn in a year by any new-age company in the nation.
According to a regulatory filing, Walmart has about USD 1.1 billion as of July 31, 2022.