Flipkart raises $200 million in single-largest round of funding in Indian e-commerce space – The Economic Times

BANGALORE: Online retailer Flipkart has raised $200 million (Rs 1,200 crore) from existing investors, in a deal that marks the single-largest round of funding for an Indian e-commerce company and provides it with enough firepower to take on global leader Amazon.

South African Internet company Naspers, venture fund Accel Partners, and US investment firms Tiger Global and Iconiq Capital participated in the fifth round of funding for the Bangalore-based company.

via Flipkart raises $200 million in single-largest round of funding in Indian e-commerce space – The Economic Times.

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About Ganesh Srinivasan Consulting

Management Consultant from India with International Solutions Selling, Projects Implementation, Joint Venture, Collaboration and Procurement experience Building a Global Team of Consultants and Niche Products and Services

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