The valuation of India’s largest e-commerce site, Flipkart, was made known to the public through Nasper’s annual report to shareholders that it had invested R848m ($100m) in August 2012 to acquire a 10% stake in Flipkart Pvt Ltd. At the time of the series D round the financial details were left undisclosed.

Flipkart was in negotiations with General Atlantic for funding in the region of $150m in 2011, with a $1bn valuation at the time, but the negotiations with the private equity player did not go through, according to reports by venture financing site, VCCircle.  
Flipkart Pvt Ltd is a Singapore-incorporated entity, which is the main holding arm for Flipkart’s business in India. In India, Flipkart operates under several companies including WS…

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