20:15

Flipkart raises Rs 6,000 crore in fresh funds

Home » News » Flipkart raises Rs 6,000 crore in fresh funds

Half of the amount will come from existing investors Tiger Global, Russian billionaire Yuri Milner's DST and Accel Partners while the rest will come from several new investors.

Half of the amount will come from existing investors Tiger Global, Russian billionaire Yuri Milner's DST and Accel Partners while the rest will come from several new investors.

Flipkart is rapidly scaling up its operations as it competes with Amazon.in and homegrown competitor Snapdeal.

Flipkart is rapidly scaling up its operations as it competes with Amazon.in and homegrown competitor Snapdeal.

As orders cross the 5-million-amonth mark, Flipkart will have to continue investing in its backend operations in a cutthroat market. The company, along with other players like Amazon and Snapdeal, is also continuing to discount heavily.

As orders cross the 5-million-amonth mark, Flipkart will have to continue investing in its backend operations in a cutthroat market. The company, along with other players like Amazon and Snapdeal, is also continuing to discount heavily.

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