Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
2014-12-22

Flipkart secures $700 million in another financing round

Last year, Flipkart had raised $360 million in two tranches.

Flipkart, India's largest e-commerce marketplace, recently announced a $700 million investment with new investors - Baillie Gifford, Greenoaks Capital, Steadview Capital, T. Rowe Price Associates and Qatar Investment Authority, along with existing investors like DST Global, GIC, ICONIQ Capital and Tiger Global, who also participated in this latest financing round.

As with previous funds raised, these funds will be used towards long-term strategic investments in India and to build a world-class technology company, delivering superior customer experiences, Flipkart said in a statement. 

The firm has also informed that its parent Flipkart Limited, incorporated at Singapore, has filed with ACRA Singapore for conversion to a Public Company. This is a mandatory procedure for all companies where the number of shareholders exceeds 50.

Last year, Flipkart had raised $360 million in two tranches from Dragoneer Investment Group, Morgan Stanley Investment Management, Sofina, Vulcan Capital, and Tiger Global.

Launched in October 2007 by Sachin and Binny Bansal, Flipkart offers over 15 million products across various categories including Books, Media, Consumer Electronics and Lifestyle. The firm currently employs 14,000 workforce and has 22 million registered users clocking over 4 million daily visits. Its exclusive partnerships with local artisans and manufacturers through FISME and NCDPD has encouraged a rapidly growing community of regional entrepreneurs to get their business online.

Related opportunities
  • Furniture/Home Decor & Furnishing
    Kurl On manufactures mattresses in 126 different configurations. Pan-India they..
    Locations looking for expansion Karnataka
    Establishment year 1962
    Franchising Launch Date 2014
    Investment size Rs. 10lac - 20lac
    Space required 400 - 600 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Urban District Karnataka
  • Quick Service Restaurants
    About:Aromas Café is truly an international all-day-dining cafe chain, a..
    Locations looking for expansion Maharashtra
    Establishment year 2008
    Franchising Launch Date 2016
    Investment size Rs. 20lac - 30lac
    Space required 200 - 600 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Casual dine Restaurants
    About:Hotel Bhagat Tarachand is a decorated name in the culinary..
    Locations looking for expansion Maharashtra
    Establishment year 1950
    Franchising Launch Date 2015
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 500 - 2500 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Car interior spare parts
    About:AUTOTRIZ, Represented in India by Prime Distributors, is a Malaysia-..
    Locations looking for expansion Maharashtra
    Establishment year 2010
    Franchising Launch Date 2016
    Investment size Rs. 20lac - 30lac
    Space required 500 - 1200 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Pune Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities