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News
Flipkart funding
Flipkart funding News
Flipkart
12 Jul 2021
Flipkart raises $3.6 billion from GIC, SoftBank, Walmart, others
The current funding round has also seen participation from sovereign funds DisruptAD, Qatar Investment Authority, Khazanah Nasional Berhad as well as marquee investors Tencent, Willoughby Capital, Antara Capital, Franklin Templeton and Tiger Global. The funding round values Flipkart Group at $37.6 billion (about Rs 2.79 lakh crore) post-money, it added. Flipkart has been investing in key categories, including fashion, travel and grocery.
Flipkart board
11 Apr 2017
Latest funds will be used to make profits, shave off burn: Flipkart
Flipkart board member and investor, Subrata Mitra on Tuesday said money raised through the latest round of funding will be utilised to make profits and shave off company's burn on weekly basis, in a quest to ride its business towards right metrics.
E-commerce
10 Apr 2017
Flipkart raises $1.4 billion, acquires eBay business in India
India's largest e-commerce firm Flipkart has raised $1.4 billion from Tencent Holdings, Microsoft Corp and eBay Inc amid speculation that the online marketplace is in talks to take over smaller rival Snapdeal.
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