India: Flipkart burns over USD 3.7 billion cash in about a year till Sep 2022

The company, in July 2021, raised USD 3.6 billion (about Rs 29,000 crore), which has been completely exhausted, according to regulatory filings of Flipkart and Walmart. Is Flipkart becoming a huge cash burden for Walmart?

Do they have another Jet.Com on their hands?
I thought they learned from Marc Lore “what not to do.”