The Naspers-backed e-commerce company closed a $700m series H round in December 2014 when it increased its total funding to $2.4bn.

Flipkart, an India-based e-commerce company backed by internet company Naspers, is looking at raising a $600m round while increasing its valuation, Economic Times reported yesterday.

Potential investors in the new round have not been named. Flipkart is currently valued at $12bn.

In December 2014, Flipkart closed a $700m series H round backed by Greenoaks Capital, Steadview Capital, Qatar Investment Authority, DST Global, Iconiq Capital and Tiger Global. Although not officially disclosed, reports suggested Naspers contributed between $50m and $100m to…