Flipkart Raises US$200 Million in Funding from Existing Investors (Asia)
Source: VCCircle | Author: Anand Rai, Sainul K. Abudheen
India-focused online retailer Flipkart has raised US$200 million in its fifth round of funding from existing investors, including Accel Partners, Tiger Global and global multi-family office ICONIQ Capital. South Africa-based multinational media company Naspers also participated in the round. In 2012, Flipkart raised a reported US$150 million in a Series D round led by Naspers. Flipkart intends to use the additional financing to build its technology platform and grow its supply chain.