Flipkart Takes In Huge Round Four Months After $1B Financing
December 01, 2014
Just four months after raising a $1 billion round, Flipkart has reportedly raised another massive financing, this time an estimated $550 million round that garnered a pre-money valuation of $10 billion. The new round received investment from existing investors Tiger Global, Naspers and DST Global, among others; Flipkart has now raised over $1.7 billion in 2014 through three rounds of VC financing. Started as an online bookstore, the e-commerce company offers home and kitchen products, electronics, clothing and more.