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Flipkart funding News

12 Jul 2021

Flipkart raises $3.6 billion from GIC, SoftBank, Walmart, others

The current funding round has also seen participation from sovereign funds DisruptAD, Qatar Investment Authority, Khazanah Nasional Berhad as well as marquee investors Tencent, Willoughby Capital, Antara Capital, Franklin Templeton and Tiger Global. The funding round values Flipkart Group at $37.6 billion (about Rs 2.79 lakh crore) post-money, it added. Flipkart has been investing in key categories, including fashion, travel and grocery.

11 Apr 2017

Latest funds will be used to make profits, shave off burn: Flipkart

Flipkart board member and investor, Subrata Mitra on Tuesday said money raised through the latest round of funding will be utilised to make profits and shave off company's burn on weekly basis, in a quest to ride its business towards right metrics.

10 Apr 2017

Flipkart raises $1.4 billion, acquires eBay business in India

India's largest e-commerce firm Flipkart has raised $1.4 billion from Tencent Holdings, Microsoft Corp and eBay Inc amid speculation that the online marketplace is in talks to take over smaller rival Snapdeal.

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