The media and e-commerce group invested an additional $71m in Flipkart in April 2017 as part of a $1.4bn funding round also backed by Tencent, eBay and Microsoft.
Media conglomerate Naspers has revealed it provided $71m of funding for India-based e-commerce company Flipkart in April 2017, the Economic Times reported today, citing a financial report filed by Naspers.
Naspers, an existing Flipkart investor, now holds a 16% stake in the company, having purchased shares from undisclosed other existing shareholders.
The news follows reports in April that Flipkart had closed a $1.4bn funding round backed by investors including software developer Microsoft, online marketplace eBay and internet company Tencent.
…
