Your browser is currently blocking notification.
Please follow this instruction to subscribe:
Notifications are already enabled.

Flipkart To Raise Over $1.4 Bn In A New Round: Report

Flipkart To Raise Over $1.4 Bn In A New Round: Report

Homegrown ecommerce marketplace Flipkart is ready for another round of funding. It is reported that Flipkart is in talks with investors to raise about $1.4 Bn (INR 9,200 Cr) in a new funding round to be led by existing and a few new investors.

It is speculated that the US-based Sands Capital Management will lead the round and will be investing about $700 Mn. It is also expected that existing investors would invest almost the same amount to bring the valuation of the company, somewhere between $15 Bn to $18 Bn.

Till date Flipkart has raised around $3.15 Bn, and plans this new round of funding to cement its leadership in the online retail market. The company had raised over $700 Mn in private equity from existing investors in July 2015. The valuation of the company was then about $15 Bn.

Flipkart is backed by investors Accel Partners, DST Global, Steadview Capital, Tiger Global Management, GIC, Dragoneer Investment Group, Greenoaks Capital, Iconiq Capital, Morgan Stanley, Naspers, Qatar Investment Authority, Singapore GIC, Sofina and T. Rowe Price.

The Bangalore-based Flipkart was incepted in 2007 with a concept to sell books online. However, the company launched itself as a marketplace in April 2013. It’s co-founders Sachin Bansal and Binny Bansal secured their position in Forbes magazine’s India rich list 2015, under top 100, in September 2015.

Flipkart invested in number of companies last year which included Mech Mocha Game Studios, BlackBuck, Qikpod, Cube26, NestAway and Zinka Logistics.

Welcome to Flash Feed, your essential source for breaking news and innovation from around the web – bite-sized and updated all day.

Inc42 is hiring because people deserve the best experience possible.

We are not just a bunch of Journalists, Editors, and Managers. We are a group of people that takes thrill in problem-solving with data-driven actions; because the world needs us to accelerate for constant evolution. Join us. Just like our readers, our people deserve the best experience possible. Know More


Akanksha Pahwa

Inc42 Staff

Passion for writing and inclination of being updated in technology brings Akanksha together to be a content writer. Her prior experience in PR firms widens her genres in Media planning, Corporate Communication and Research Analyses.

Loading Next…