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Flipkart grabs $1 billion deal with eBay and Tencent

Flipkart grabs $1 billion deal with eBay and Tencent

Thursday, March 16, 2017, 11:40 AM

Flipkart in its latest funding round reportedly gathered $1 billion. The company closed the deal with US auction website eBay and Chinese internet firm Tencent to take on its American and Chinese rivals, Amazon and Alibaba respectively. With the latest funding, now Flipkart values at $11 billion. However, there has been no official confirmation about the deal from any of the sides involved.
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