2012-08-17

Flipkart seeking fresh round of investment

E-commerce giant Flipkart.com might receive fresh funding soon during this year. As per recent reports in media, the online shopping portal is about to raise $100 million (Rs 555 crore).

Flipkart seeking fresh round of investment

 

E-commerce giant Flipkart.com might receive fresh funding soon during this year. As per recent reports in media, the online shopping portal is about to raise $100 million (Rs 555 crore).

When questioned, CEO and co-founder Binny Bansal refused to comment.

Earlier, Flipkart received $80 million as a part of funding which included four investment rounds till now. Founded by Binny and Sachin Bansal, the company was pumped with funding money by Tiger Global Management LLC and Accel Partners.

 In 2011 , Flipkart was seeking ways  to raise capital and fastened its valuation to around $1 billion. However, it also received an undisclosed amount of investment from its existing investors Tiger Global Management LLC and  Accel Partners, that later revealed its valuation to the amount of $850 milion.

Flipkart has a wide range of products comprising toys, electronic gadgets, books, perfumes and computers.

“We are planning to diversify and will add apparel to our product list on offer,” informed Binny Bansal to Small Medium Entrepreneur magazine.

Related opportunities
  • Indian Spice is well known brand in Western India having..
    Locations looking for expansion Maharashtra
    Establishment year 2018
    Franchising Launch Date 2023
    Investment size Rs. 50lakh - 1 Cr.
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Haveli Maharashtra
  • Amritsar, the city of Golden Temple, is also the soul..
    Locations looking for expansion Punjab
    Establishment year 2000
    Franchising Launch Date 2023
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 4000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Amritsar Punjab
  • Hospitals
    OPEN YOUR DOOR TO BETTER CARE WITH BRANDED CHAIN OF..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2023
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 12000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Haveli Maharashtra
  • Cosmetics & Beauty Product Stores
    We are a manufacture of perfume and cosmetic with brand..
    Locations looking for expansion Gujarat
    Establishment year 2022
    Franchising Launch Date 2023
    Investment size Rs. 10lakh - 20lakh
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts

pincode
;
ads ads ads ads