Flipkart Online Services Pvt. Ltd. announced that it has received INR 79.071352244 billion in funding from Fit Holdings SARL, Appaloosa LP, Alphabet Inc. (2024)

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04:00:00 2024-05-24 pm EDT
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175 USD +0.83% Flipkart Online Services Pvt. Ltd. announced that it has received INR 79.071352244 billion in funding from Fit Holdings SARL, Appaloosa LP, Alphabet Inc. (1) -0.61% +25.27%
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On May 24, 2024, Flipkart Online Services Pvt. Ltd. closed the transaction. The company has received $350,000,000 (INR 29,071,350,000) from new investor Alphabet Inc. bringing the total funding raised to INR 79,071,350,000.

Alphabet Inc. acquired minority stake in the transaction. The company has received funding at a post-money valuation of $36,000,000,000 (INR 2,990,196,000,000). The transaction is subject to receipt of regulatory and other customary approvals.

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Flipkart Online Services Pvt. Ltd. announced that it has received INR 79.071352244 billion in funding from Fit Holdings SARL, Appaloosa LP, Alphabet Inc. (4)

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Alphabet Inc. is a holding company organized around 6 areas of activities:- operation of a web-based search engine (Google). Additionally, the group runs a video hosting and broadcasting site (YouTube) as well as a free on-line messaging service (Gmail);- development and production of home automation solutions (Nest Labs): Wi-Fi networks synchronized with the control programs for thermostats, smoke detectors and security systems;- research and development into biotechnology (Calico): dedicated to treating aging and degenerative diseases;- research into artificial intelligence (Google X);- investment services: management of an investment fund devoted to young businesses that operate in the new technology sector (Google Ventures) and an investment fund intended for already developed companies (Google Capital);- operation of a fiber optic internet access network infrastructure (Google Fiber).Net sales are distributed geographically as follows: the United States (45.8%), Americas (5.6%), Europe/Middle East/Africa (30.7%) and Asia/Pacific (17.9%).

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Internet Services

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2024-06-07 - Annual General Meeting

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C+

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Sell

Flipkart Online Services Pvt. Ltd. announced that it has received INR 79.071352244 billion in funding from Fit Holdings SARL, Appaloosa LP, Alphabet Inc. (5)

Buy

Mean consensus

BUY

Number of Analysts

60

Last Close Price

175USD

Average target price

193.3USD

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+10.46%

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Flipkart Online Services Pvt. Ltd. announced that it has received INR 79.071352244 billion in funding from Fit Holdings SARL, Appaloosa LP, Alphabet Inc. (14)

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Flipkart Online Services Pvt. Ltd. announced that it has received INR 79.071352244 billion in funding from Fit Holdings SARL, Appaloosa LP, Alphabet Inc. (2024)
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