The Naspers-backed e-commerce company has reportedly raised $1bn in what will be India's largest ever venture round.
E-commerce company Flipkart is set to announce a $1bn venture round next week that would be the largest ever raised by an India-based company, the Economic Times reported yesterday.
About half the funding will come from investment firm Tiger Global Management and venture firms DST and Accel Partners, all three of which are existing backers, though it is not yet clear whether the round will also include Naspers, the internet company that now holds an 18% stake in Flipkart.
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