Moneycontrol
Last Updated : Oct 10, 2013 08:50 AM IST | Source: Reuters

Flipkart raises $160 mn in latest funding drive

The Bangalore-based company had raised USD 200 million in July from existing investors including South Africa's media and e-commerce company Naspers Ltd. and private equity funds Tiger Global and Accel Partners.


Flipkart, one of India's largest e-commerce companies, has raised USD 160 million from private equity investors, taking the total to USD 360 million in its recent fund raising drive to build and strengthen technology and bolster its supply chain.


The Bangalore-based company had raised USD 200 million in July from existing investors including South Africa's media and e-commerce company Naspers Ltd. and private equity funds Tiger Global and Accel Partners.


In the latest round of funding, investors include Dragoneer Investment Group, Morgan Stanley Investment Management, Sofina , Vulcan Capital and Tiger Global, the company said in a statement.

Six-year-old Flipkart offers products across 17 categories and has more than 1 million unique visitors every day, according to the company statement.

First Published on Oct 9, 2013 03:35 pm
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