Walmart probes ₹150 crore kickbacks at Flipkart
By Abha Lohia · Editor ·
Flipkart: revenue and funding and every story →
BengaluruFounded 2007
- Flipkart is an e-commerce marketplace owned by Walmart and one of India's largest online retailers
- Walmart is investigating whether some staff took kickbacks of about ₹150 crore from brands and vendors for preferential treatment
- The arrangement seems to have used the B2B business, and Flipkart says it has robust governance in place
What happened
- Walmart is probing alleged kickbacks worth ₹150 crore.
- Brands and vendors may have paid staff for favourable treatment.
- The B2B operations appear affected.
Why it matters
- It is the third internal probe into alleged financial misconduct in under three years.
- Flipkart is already in a rough phase.
The business
- Online marketplace, B2B and quick commerce.
The numbers around it
Flipkart has 1 funding rounds in StopDown's archive.
| When | Round | Amount | Led by |
|---|---|---|---|
| 16 April 2026 | pre-ipo | $2-2.5 Bn | Walmart |
Commerce & Consumer Brands in October 2026: 32 rounds with a disclosed amount, $195 million in all; the biggest was Boldfit (₹400 Cr). Every sector this year →
Terms in this story
- Marketplace: A marketplace is a platform that connects buyers and sellers and earns a commission or fee on each transaction, without owning the goods or services. Its value rises as both sides join. The numbers to read are gross merchandise value (GMV), take rate, which is the share of GMV the platform keeps, and repeat usage.
- B2B vs B2C: A B2B (business-to-business) startup sells to companies, while a B2C (business-to-consumer) startup sells to individuals. B2B sales are slower and larger, and B2C sales are faster and smaller. In India, many B2B startups sell abroad, and the number to compare is how much revenue each customer brings over its lifetime.
Read next
LaunchFlipkart plans premium sustainable line 'Earth'Flipkart is a Walmart-backed online marketplace selling products across fashion, appliances, beauty, groceries and home goodsResultsBlue Tokai revenue up 59% to ₹518 crore in FY26Blue Tokai is a coffee roaster and cafe chain founded in 2013 that sells beans online and through its own outletsStake saleSoftBank sells 1.56% of LenskartLenskart is a Gurugram-based eyewear retailer with online and store sales, now listed on the stock exchanges
Everything on Flipkart → · All startup news on 30 October 2026 →
Is this Flipkart? Get your “Featured on StopDown” badge →