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.