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Flipkart looking to raise $1 Billion in latest funding round

Flipkart looking to raise $1 Billion in latest funding round

Thursday, March 9, 2017, 11:02 AM

E-commerce major Flipkart is in talks with investors, to raise up to $1 Billion in one of its biggest funding rounds so far. Flipkart's latest fundraising comes in the middle of competition in the e-commerce space from Amazon.com Inc and domestic rival Snapdeal, which is backed by Japan's Softbank Group. Flipkart has so far raised more than $3 Billion in funding.
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