Flipkart leaps to $10bn valuation

Nov 26, 2014 • Robert Lavine

Existing backer Naspers invested $50m to $100m in the company's latest round, which raised up to $600m - its third nine-figure round this year.

India-based e-commerce company Flipkart has closed a funding round sized between $500m and $600m from investors including internet company Naspers, Times of India reported on Monday.

Naspers, and investment firms Tiger Global and DST Global each invested between $50m and $100m in the round, which valued Flipkart at $10bn. One new investor participated, but the backers were otherwise all existing investors.

News of the funding came less than four months after Flipkart raised $1bn from Naspers, Tiger Global, GIC,…

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