NEA considering Flipkart investment - report
NEA, the US venture capital firm is considering an investment in Bangalore-based Flipkart, an online retailer of books, mobile phones and other consumer goods. Investment bankers familiar with the situation told The Business Standard that the company is in discussions with several global PE and VC firms with a view to raising $150 million.
NEA is tipped to commit $40-50 million, with General Atlantic also said to be among the frontrunners. Flipkart, which was founded in 2007, claims to be India's largest online bookseller, with a catalogue...
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