Flipkart, ‘India’s Amazon’, raises $200 million in the country’s latest major e-commerce deal

Flipkart, India’s top online retail company, has closed a Series E round worth $200 million from a range of existing investors in what is India’s largest investment in an e-commerce firm.

The round saw participation from Naspers-owned investment firm MIH, New York-based Tiger Gobal, Accel Partners and Iconiq Capital. The blockbuster deal takes Flipkart’s total fundraising to around $380 million (some rounds were not fully disclosed and are estimated based on sources). The company says it will use the fresh injection of capital to invest in technology, supply chain automation, training and hiring.

Source: Flipkart, ‘India’s Amazon’, raises $200 million in the country’s latest major e-commerce deal - The Next Web

---

Rights to all content (text, images, videos etc.) with post source. If you think attribution is in error email us