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Flipkart Owner: Who Owns Flipkart? Walmart, Google and the move to India

Reviewed by the editorial team · Updated 10 Nov 2026 · Last verified 6 Nov 2026 · 1 min read
Quick answer

Walmart, the US retailer, owns over 80% of Flipkart 4041. Google invested $350 million in 2024 3.

Founded2007, Bengaluru, Karnataka
FoundersSachin Bansal
StatusPrivate

Who owns Flipkart?

Flipkart is owned by Walmart of the United States, which holds a majority stake of over 80% 4041. Walmart's annual report for the year ended 31 January 2026 lists majority stakes in Flipkart and PhonePe in India 42. Walmart has controlled Flipkart since 2018 10and Google holds a minority stake 3.

HolderTypeStake
Accel IndiaFirst institutional investor-

Flipkart owner name and country

The owner is Walmart, a company based in the United States 1. Flipkart itself is an Indian business headquartered in Bengaluru, founded in 2007 by Sachin Bansal and Binny Bansal 8. Its holding company moved from Singapore to India in March 2026 5. Kalyan Krishnamurthy is CEO of Flipkart Group 16.

Walmart's stake

Date Deal Walmart stake
May 2018 Bought control for $16 billion 77% 10
2023 Paid $3.5 billion more About 80% 1
2024 As reported About 85% 2
May 2026 As reported 80% or more 4041

Google

Google agreed in May 2024 to invest $350 million, in a deal that valued Flipkart at about $37 billion 3. Another report put the valuation at $35 billion 2. The Competition Commission approved Google's stake in November 2024 4.

Moving home to India

Flipkart's holding company was based in Singapore. In March 2026 it completed a move back to India ahead of a planned Indian listing 57.

Is Flipkart listed?

No. Flipkart is unlisted. Flipkart put its IPO on hold in May 2026 6and Inc42 reported that Walmart asked it to prioritise EBITDA breakeven in FY27 and pause pre-IPO fundraising 40.

Founders

Sachin Bansal left when Walmart took over in 2018 10. Binny Bansal left the board in January 2024 14.

Frequently asked questions

Walmart, the US retailer, owns Flipkart with a majority stake of over 80%. Google holds a minority stake after its 2024 investment.
Walmart is the company owner. Flipkart operates from Bengaluru, India, and is controlled by its US parent.
The owner is Walmart. The founders were Sachin Bansal and Binny Bansal, and Kalyan Krishnamurthy is CEO of Flipkart Group.
Walmart is the owner, and its country is the United States. Flipkart was founded in Bengaluru, India, in 2007, and its holding company moved from Singapore to India in March 2026.
Over 80%, according to May 2026 reports. Earlier reports put it at about 80% after a 2023 deal and about 85%.
Yes. It agreed to invest $350 million in 2024, and the Competition Commission approved the deal.
Sources✓ Verified 6 Nov 2026
1 Business Standard, Walmart pays $3.5 billion to increase stake in Flipkart2 Sep 2023, Walmart $3.5bn 2 Outlook Business, Google to buy minority stake in Flipkart for $350 million1 Jan 1970, Walmart 85%, Google 3 The Star (Reuters), Google to invest $350 million in India's Flipkart24 May 2024, Google $37bn valuation 4 Business Standard, Alphabet arm gets CCI clearance to acquire stake in Flipkart26 Nov 2024, CCI approval 5 Inc42, Flipkart completes reverse flip to India ahead of IPO1 Mar 2026, reverse flip 6 Yahoo Finance, Flipkart puts IPO on hold1 May 2026, IPO on hold 7 Yahoo Finance, Flipkart completes domiciliation to India ahead of IPO1 Mar 2026, domicile, GMV 8 YourStory, Flipkart through the years1 May 2018, history 9 Business Standard (PTI), Myntra buys Jabong for $70 million26 Jul 2016, Jabong 10 Business Today, Flipkart co-founder Sachin Bansal bids adieu10 May 2018, Walmart deal, Sachin exit 11 The Week, Flipkart acquires Walmart India23 Jul 2020, Walmart India 12 TechCrunch, Flipkart to acquire online travel firm Cleartrip15 Apr 2021, Cleartrip 13 TechCrunch, Flipkart and PhonePe complete separation22 Dec 2022, PhonePe separation 14 TechCrunch, Flipkart co-founder Binny Bansal leaves board26 Jan 2024, Binny Bansal board exit 15 Business Today, What is Flipkart Minutes8 Aug 2024, Minutes launch 16 Business Today, Flipkart CFO Sriram Venkataraman steps down amid IPO plans20 Mar 2026, CFO change 17 The Week, Sharon Pais to head Myntra as Nandita Sinha steps down13 Apr 2026, Myntra head 18 Business Standard, Flipkart top leadership exits13 May 2025, leadership exits 19 Outlook Business, Flipkart Minutes hits 1,000 stores1 Jan 1970, Minutes stores 20 Business Standard, Flipkart festival sale 2025: premium demand24 Sep 2025, Big Billion Days 21 Business Standard, super.money fifth largest on UPI in February13 Mar 2025, super.money 22 Business Standard, Flipkart secures approval for direct lending in India5 Jun 2025, NBFC 23 Inc42, SastaSundar's partnership with Flipkart over1 Jan 1970, SastaSundar partnership 24 Outlook Business, Flipkart leads e-commerce market with 48% share: Bernstein1 Jan 1970, market share 25 Entrackr, Flipkart shuts down ANS Commerce1 Jan 1970, ANS Commerce 26 Business Today, Flipkart forays into e-pharmacy, acquires SastaSundar.com19 Nov 2021, SastaSundar 27 Angel One, Flipkart acquires majority stake in Minivet AI1 Jan 1970, Minivet AI 28 Business Standard, Flipkart loss widens 45% to ₹4,890.6 crore in FY2323 Oct 2023, FY23 Flipkart India 29 Business Standard, Flipkart Internet loss reduces 9% in FY2328 Dec 2023, FY23 Flipkart Internet 30 Entrackr, Flipkart Internet reports ₹20,493 crore revenue in FY251 Jan 1970, FY25 Flipkart Internet 31 YourStory, Flipkart loss widens, revenue up in FY251 Sep 2025, FY25 Flipkart India 32 CXO Digital Pulse, Flipkart Internet's revenue falls 19% to ₹16,295 crore in FY261 Jan 1970, FY26 Flipkart Internet 33 BW Disrupt, Flipkart Group narrows FY26 loss to ₹8,468 crore1 Jan 1970, FY26 group 34 Malay Mail (Reuters), What are India's antitrust findings against Amazon, Flipkart15 Sep 2024, CCI findings 35 Business Standard, SC transfers Amazon, Flipkart petitions to Karnataka HC6 Jan 2025, case transfer 36 LiveLaw, Karnataka High Court reserves judgment in challenge to CCI proceedings1 Apr 2026, judgment reserved 37 Inc42, Flipkart served ₹10,600 crore ED notice for forex violations1 Jan 1970, ED notice 38 YourStory, Flipkart's Binny Bansal resigns1 Nov 2018, Binny Bansal resignation 39 MediaNama, Consumer forum orders Flipkart to pay ₹10,000 for refusing return of fake product1 Nov 2024, consumer forum 40 Inc42, Flipkart To Defer IPO Till 2028, Eyes EBITDA Profitability In FY2715 May 2026, Walmart owns 80%, IPO deferred, EBITDA breakeven FY27 41 Zerodha Z-Connect, Flipkart defers IPO as Walmart pushes profitability-first strategy15 May 2026, Walmart owns over 80%, IPO deferred 42 Walmart Inc., Annual report on Form 10-K, fiscal 20261 Jan 1970, Form 10-K for the year ended 31 January 2026, majority stakes in Flipkart and PhonePe Report a correction

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