Flipkart raises USD 210M, in funding from 4 investors
India's largest e-commerce company, Flipkart reportedly announced a raise of 210 million dollars in a new funding round which was led by DST Global, along with returning investors Tiger Global, Naspers, and Iconiq Capital.
According to TechCrunch, the new funding brings Flipkart to 750 million dollars, and the company now has 18 million registered users and 3.5 million daily visitors.
However, the news comes in one week after the company announced acquiring Myntra, in a deal worth 300 million dollars.
The raise in funding has taken Flipkart's total to 750 million dollars.
(Posted on 27-05-2014)