Flipkart Closes $700 Mn From Existing Investors; Valued At $15 Bn: Report
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Flipkart Closes $700 Mn From Existing Investors; Valued At $15 Bn: Report

28 Jul'15 | By

Homegrown, ecommerce biggie, Flipkart has closed its first funding for the year, which has valued the company at about $15 Bn. According to new report by ET, Flipkart

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Flipkart

Sector
Ecommerce
Stage
Secondary Market
Total Funding
$14.01 Bn+
has raised over $700 Mn from its existing investors including Steadview and others.

Flipkart denied commenting on the development, however, according to the people close to the development, Sachin and Binny Bansal’s holdings of about 8.5% each is now worth more than $1 Bn.

This news comes in at the time, reports of Amazon readying a $5 Bn war chest had sufficed in media.

In December, last year, Flipkart had raised $700 Mn at a valuation of about $11 Bn, just 6 months after it raised $1 Bn.

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Flipkart

Flipkart

key highlights

Sector

Ecommerce

Founded Year

2007

Headquarter City

Bengaluru

Founders

Binny Bansal +1

Total Funding Amount

$14.0 Bn

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