Flipkart raises $200 million through private equity
The money was raised from South African technology group Naspers Ltd and private equity funds Tiger Global and Accel Partners, Flipkart said in a statement.
All the three companies are existing investors in the Bangalore-based firm, which will use the funds for building and strengthening technology capabilities and bolstering its supply chain, it said.
The six-year-old company offers products across 17 categories and has more than 1 million unique visitors every day, it said.
Source : Reuters.