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Flipkart in talks with Microsoft, others for fundraising

Flipkart in talks with Microsoft, others for fundraising

Wednesday, February 22, 2017, 9:09 AM

Flipkart, which also owns the fashion retailers Myntra and Jabong as well as payments app PhonePe is in talks to raise a mammoth funding round of up to $1.5 billion from investors such as Microsoft Corp., eBay Inc., PayPal Holdings Inc. and Tencent Holdings Ltd at a valuation of $10-12 billion. Flipkart is also in talks with Google Capital for the ongoing round.
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