VC-backed Flipkart raises Series D round of funding
Indian online retailer Flipkart has completed a Series D round of funding from new investors MIH, part of the South Africa-based media platform Naspers, and San Francisco-based ICONIQ Capital. Existing backers Tiger Global and Accel Partners also participated.
The deal, previously reported to be in the region of $150 million, will see an MIH representative join the Flipkart board. "The money raised in this round will be invested in expanding supply chain capacities,...
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