Flipkart 's valuation has declined by $5 billion or around Rs 41,000 crore as of January 2024 compared to that in January 2022, according to equity transactions carried out by its US-based parent firm Walmart. The valuation of the ecommerce firm declined to $35 billion as of Jan 31, 2024, from $40 billion in the financial year ended on January 31, 2022.Flipkart, however, attributed the decline in valuation to the demerger of PhonePe into a separate company