Flipkart raises USD 1 bln during last funding round - report

Tuesday 21 March 2017 | 09:06 CET | News
Indian marketplace Flipkart raised USD 1 billion during its last fundraising round, Bloomberg reported, citing sources close to the matter. The round included Microsoft, eBay and Tencent, and brings the company's valuation to USD 10 billion, a decline from its valuation in 2015 at USD 15.5 billion.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Internet
Companies: Ebay / Flipkart / Microsoft / Tencent
Countries: India
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Flipkart secures USD 1.2 bln in funding from Walmart-led investor group

Published 15 Jul 2020 08:35 CET | India
A Walmart-led investor group has invested an additional USD 1.2 billion in Indian e-commerce platform Flipkart Group. The ...

Softbank Vision Fund invests in Flipkart

Published 10 Aug 2017 15:25 CET | India
SoftBank Vision Fund has made an investment, a mix of primary and secondary capital, in Indian e-commerce marketplace Flipkart ...

Tencent's Q4 profit jumps 47%, revenue grows 44%

Published 23 Mar 2017 06:52 CET | China
Chinese internet company Tencent reported total revenues of CNY 43.8 billion (approximately USD 6.3 billion) for the fourth ...

Flipkart haalt een miljard dollar op - Bloomberg

Published 21 Mar 2017 10:41 CET | India
Het Indiase e-commerce bedrijf Flipkart heeft bij een recente financieringsronde een miljard dollar opgehaald, schrijft ...

Flipkart, Microsoft strike cloud partnership deal in India

Published 22 Feb 2017 12:10 CET | India
Microsoft and Indian marketplace Flipkart have signed a partnership deal to provide consumers in India with upgraded online ...

India's Flipkart sells 800,000 phones in one day - report

Published 04 Oct 2016 14:10 CET | India
Indian online retailer Flipkart reports it has sold 800,000 smartphones on 3 October, the first day of the annual Diwali sale. ...