There is little doubt that Flipkart is a totemic Indian startup, at the least from a funding and valuation perspective. Not only was Flipkart one of the first few privately-held Indian startups to be valued at over a billion dollars but also the first Indian startup to actually raise over a billion dollars in funding. That financing round in July 2014 sparked off the funding frenzy that India witnessed in 2015 and early 2016.
Thankfully, the funding sentiment has cooled down considerably in general since then. And Flipkart itself last raised a round in mid-2015 where it was valued at over $15 billion post-money.