Home
Internet
Internet News
Flipkart raises $200 million through private equity

Flipkart raises $200 million through private equity

By Reuters | Updated: 11 July 2013 10:24 IST

Click Here to Add Gadgets360 As A Trusted Source

Flipkart has raised $200 million from a clutch of private equity funds, the company said on Wednesday, in what could be the single largest investment in an e-commerce company in the country.

The money was raised from South African technology group Naspers Ltd and private equity funds Tiger Global and Accel Partners, Flipkart said in a statement.

All the three companies are existing investors in the Bangalore-based firm, which will use the funds for building and strengthening technology capabilities and bolstering its supply chain, it said.

The six-year-old company offers products across 17 categories and has more than 1 million unique visitors every day, it said.

Comments

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.