The India-based e-commerce company, which has now raised more than $1.7bn in total, will now seek to ramp up its strategic investments in India.
India-based e-commerce company Flipkart confirmed today that it has raised $1bn in the largest round ever raised by an India-based company or an e-commerce business.
The round was co-led by internet company Naspers and investment firm Tiger Global Management, both existing investors.
Singaporean sovereign wealth fund GIC, Morgan Stanley Investment Management, investment firms DST Global and Sofina, venture capital firm Accel Partners and family office Iconiq Capital also participated. News of the investment initially broke last week.
Flipkart intends…
