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With $1 bn funding, Flipkart adds muscle in battle against Amazon

With $1 bn funding, Flipkart adds muscle in battle against Amazon

Tuesday, March 21, 2017, 12:16 PM

After months of desperate attempts to raise capital to fuel growth, India’s largest e-commerce company, Flipkart has raised $1 billion from China’s Tencent and Microsoft. The company is also in talks to raise another $1 billion. Flipkart’s fresh capital infusion can change the course of the e-commerce battle in India, where Amazon has been making strides.
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