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Flipkart to raise $1 bn with a valuation of $10 bn

Flipkart to raise $1 bn with a valuation of $10 bn

Monday, March 20, 2017, 4:16 PM

Flipkart Online Services Pvt has completed a $1 billion fundraising and aims to raise as much as $1 billion, according to people familiar with the matter, giving India’s largest e-commerce company capital to battle back against rising competition. Flipkart closed the latest round on Friday at a valuation of about $10 billion. The valuation is a decline from Flipkart’s $15.5 billion in 2015.
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