India’s Flipkart raises $200m from existing investors

0
32

india3_lrgIndian e-commerce company Flipkart has raised $200m from South African technology group Naspers and private equity firms Tiger Global and Accel Partners.

All three are existing investors in the owner of Flipkart.com, which began as an online book retailer in 2007 before diversifying into mobile phones, music and electronic items.

In August 2012 Naspers and Tiger Global invested $150m in the company.

Flipkart, hopes to increase revenues to $1bn by 2015, which would mark a tenfold increase from $100m in 2011.

Copyright © 2013 AltAssets