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Flipkart gets $1 bn from Tencent, Microsoft; eyes $500 mn from eBay

Flipkart gets $1 bn from Tencent, Microsoft; eyes $500 mn from eBay

Tuesday, March 21, 2017, 3:46 PM

Flipkart has closed a $1 billion funding round with backing from Chinese Internet giant Tencent and participation from Microsoft, two months after former Tiger Global executive Kalyan Krishnamurthy took over as CEO of the company. Apart from the $1 billion, Flipkart is also looking at an additional $500 million investment from eBay which is in talks to merge its India entity with the company.
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