Market Closed - Nasdaq Other stock markets | 5-day change | 1st Jan Change | ||
175 USD | +0.83% | | -0.61% | +25.27% |
May. 25 | Elon Musk plans xAI supercomputer, The Information reports | RE |
May. 24 | Sector Update: Tech Stocks Advance Late Afternoon | MT |
May 23, 2024
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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Company Profile
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%).
Sector
Internet Services
Calendar
2024-06-07 - Annual General Meeting
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Ratings for Alphabet Inc.
Trading Rating
Investor Rating
ESG Refinitiv
C+
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Analysts' Consensus
Sell
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Mean consensus
BUY
Number of Analysts
60
Last Close Price
175USD
Average target price
193.3USD
Spread / Average Target
+10.46%
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- News Alphabet Inc.
- Flipkart Online Services Pvt. Ltd. announced that it has received INR 79.071352244 billion in funding from Fit Holdings SARL, Appaloosa LP, Alphabet Inc.