India’s Flipkart raises $200m from VC backers
Online retailer Flipkart has raised $200 million (INR12 billion) from existing investors Accel Partners, Tiger Global, Iconiq Capital and Naspers, in one of the largest fundraising rounds for an Indian e-commerce player. This fifth round brings the total raised by the Indian company to over $380 million.
The deal is reported to value the company at $1.5 billion. It was valued at $850-900 million when it raised $150 million from the same investors last year. The funding comes as increased competition...
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