Sachin Bansal on Flipkart’s latest funding, opening up its marketplace & more
India’s largest consumer e-commerce firm Flipkart has just raised the stakes in the Indian e-commerce jungle, sealing its fifth round of institutional funding deal worth $200 million (Rs 1,200 crore) from its existing investors—Tiger Global, Accel Partners and South African technology group Naspers (read more here). This takes the funding the company has received so far to over $380 million; it comes just after a year the firm raised a Series D round, reportedly worth $150 million. Bulk of Series D came from Naspers, which picked around 10 per cent stake for $100 million last year. In an exclusive...
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