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Flipkart raises $1.4Bn from Tencent, eBay & Microsoft

Flipkart raises $1.4Bn from Tencent, eBay & Microsoft

Monday, April 10, 2017, 3:10 PM

India's largest e-commerce marketplace Flipkart has announced a $1.4 billion fundraise from new investors Tencent, eBay and Microsoft along with existing investors like Tiger Global, Naspers Group, Accel Partners and DST Global. The e-tailer said this capital was raised at a post-transaction valuation of $11.6 billion, down from $15.2 billion valuation in 2015 when it has last raised funds.
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