Flipkart Raises $160M in VC Funding

Flipkart, a Bangalore, India-based online retailer, raised $160m in venture capital funding.

This funding followed a $200m round announced in July 2013 (read here).

Backers included Dragoneer Investment Group, Morgan Stanley, Sofina and Vulcan Capital Management, which were joined by Tiger Global Management.

Founded in 2007 by CEO Sachin Bansal, Flipkart offers products across various categories including movies, music, games, mobiles, cameras, computers, healthcare and personal products, home appliances and electronics, stationery, perfumes, toys, apparels, shoes, etc., featuring services like Cash on Delivery, a 30-day replacement policy, EMI options, free shipping.



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